Reliance Steel & Aluminum's last quarterly dividend was on Mar 7, 2024 (ex-date) with a distribution of $1.1 per share. On an annualized basis, the company has a current payout of $4.1 per share. This brings the dividend yield to 1.28% based on its recent close price. The latest dividend marks an increase of $0.1, or 10% from the previous dividend.
RS has a dividend yield of 1.28% which is above its peers average but below the Basic Materials sector and the industry average. Compared to its Basic Materials sector average of 1.95%, Reliance Steel & Aluminum's dividend yield is 34% lower. The current dividend yield is below the historical average of 1.8% of the last 5 years.
Reliance Steel & Aluminum has been paying dividends since 1994. RS has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 13% since one year ago. But with the stock price up by 29% from a year ago, the dividend yield marks a decrease of 12%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 7, 2024 | Mar 22, 2024 | Feb 13, 2024 | $1.1 | normal |
| Nov 16, 2023 | Dec 1, 2023 | Oct 24, 2023 | $1 | normal |
| Aug 17, 2023 | Sep 1, 2023 | Jul 25, 2023 | $1 | normal |
| May 25, 2023 | Jun 9, 2023 | Apr 25, 2023 | $1 | normal |
| Mar 9, 2023 | Mar 24, 2023 | Feb 14, 2023 | $1 | normal |
| Nov 17, 2022 | Dec 2, 2022 | Oct 25, 2022 | $0.875 | normal |
| Aug 18, 2022 | Sep 2, 2022 | Jul 26, 2022 | $0.875 | normal |
| May 26, 2022 | Jun 10, 2022 | Apr 26, 2022 | $0.875 | normal |
| Mar 10, 2022 | Mar 25, 2022 | Feb 17, 2022 | $0.875 | normal |
| Nov 18, 2021 | Dec 3, 2021 | Oct 26, 2021 | $0.688 | normal |
| Aug 12, 2021 | Aug 27, 2021 | Jul 22, 2021 | $0.688 | normal |
| May 27, 2021 | Jun 11, 2021 | Apr 20, 2021 | $0.688 | normal |
| Mar 11, 2021 | Mar 26, 2021 | Feb 18, 2021 | $0.688 | normal |
| Nov 19, 2020 | Dec 4, 2020 | Oct 20, 2020 | $0.625 | normal |
| Aug 13, 2020 | Aug 28, 2020 | Jul 21, 2020 | $0.625 | normal |
| May 28, 2020 | Jun 12, 2020 | Apr 21, 2020 | $0.625 | normal |
| Mar 12, 2020 | Mar 27, 2020 | Feb 18, 2020 | $0.625 | normal |
| Nov 14, 2019 | Dec 6, 2019 | Oct 24, 2019 | $0.55 | normal |
| Aug 15, 2019 | Sep 6, 2019 | Jul 23, 2019 | $0.55 | normal |
| May 23, 2019 | Jun 14, 2019 | Apr 23, 2019 | $0.55 | normal |
| Mar 14, 2019 | Mar 29, 2019 | Feb 19, 2019 | $0.55 | normal |
| Nov 15, 2018 | Dec 7, 2018 | Oct 23, 2018 | $0.5 | normal |
| Aug 16, 2018 | Sep 7, 2018 | Jul 26, 2018 | $0.5 | normal |
| May 24, 2018 | Jun 15, 2018 | Apr 25, 2018 | $0.5 | normal |
| Mar 15, 2018 | Mar 30, 2018 | Feb 13, 2018 | $0.5 | normal |
| Nov 16, 2017 | Dec 8, 2017 | Oct 24, 2017 | $0.45 | normal |
| Aug 16, 2017 | Sep 8, 2017 | Jul 25, 2017 | $0.45 | normal |
| May 24, 2017 | Jun 16, 2017 | Apr 27, 2017 | $0.45 | normal |
| Mar 8, 2017 | Mar 24, 2017 | Feb 16, 2017 | $0.45 | normal |
| Nov 16, 2016 | Dec 16, 2016 | Oct 19, 2016 | $0.425 | normal |
| Aug 10, 2016 | Sep 9, 2016 | Jul 20, 2016 | $0.425 | normal |
| May 25, 2016 | Jun 17, 2016 | Apr 19, 2016 | $0.4 | normal |
RS has a payout ratio of 17.9% which is higher than its peers average but lower than the Basic Materials sector and the industry average. If we compare it with the Basic Materials sector average of 32.7%, Reliance Steel & Aluminum's payout ratio is 45% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WOR Worthington Industries Inc | 1.94% | $1.11 | 19.9% |
| RS Reliance Steel & Aluminum Co | 1.28% | $4.1 | 17.9% |
| NUE Nucor Corp | 1.1% | $2.1 | 11.6% |
| CRS Carpenter Technology Corp | 1.03% | $0.8 | 27.4% |
| ZEUS Olympic Steel Inc | 0.77% | $0.53 | 13.6% |
| FRD Friedman Industries Inc | 0.43% | $0.08 | 3.2% |
Yes, Reliance Steel & Aluminum has paid four dividends in the last 12 months. RS has been paying dividends since 1994.
Currently RS's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in June 2024.
Reliance Steel & Aluminum's last dividend ex-date was on Mar 7, 2024. The dividend amount was $1.1 per share.
RS has paid dividend of $4.1 per share in the last year.
Currently Reliance Steel & Aluminum's dividend yield is 1.28%.
Reliance Steel & Aluminum pays four dividends per year.
The dividend payout ratio of Reliance Steel & Aluminum is 17.9%.
Reliance Steel & Aluminum's dividend yield is below the Basic Materials sector average.