Reliance, Inc. Announces Quarterly Dividend of $1.25 (NYSE:RS)

Reliance, Inc. (NYSE:RS) declared a quarterly dividend on Tuesday, July 21st. Shareholders of record on Friday, August 14th will be given a dividend of 1.25 per share by the industrial products company on Friday, August 28th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, August 14th.

Reliance has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Reliance has a payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Reliance to earn $20.82 per share next year, which means the company should continue to be able to cover its $5.00 annual dividend with an expected future payout ratio of 24.0%.

Reliance Price Performance

NYSE RS opened at $386.25 on Thursday. The stock has a market capitalization of $19.72 billion, a P/E ratio of 25.20, a P/E/G ratio of 1.18 and a beta of 0.97. Reliance has a 1 year low of $260.31 and a 1 year high of $419.83. The business’s fifty day moving average is $385.48 and its two-hundred day moving average is $346.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39.

Reliance (NYSE:RS) last announced its quarterly earnings data on Wednesday, July 22nd. The industrial products company reported $6.27 EPS for the quarter, beating analysts’ consensus estimates of $5.47 by $0.80. The company had revenue of $4.63 billion during the quarter, compared to the consensus estimate of $4.26 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The company’s quarterly revenue was up 26.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.43 EPS. Reliance has set its Q3 2026 guidance at 6.400-6.600 EPS. On average, research analysts forecast that Reliance will post 19.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the transaction, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.40% of the company’s stock.

Institutional Trading of Reliance

Institutional investors have recently made changes to their positions in the stock. Costello Asset Management INC purchased a new stake in Reliance in the 1st quarter worth approximately $30,000. Brown Brothers Harriman & Co. grew its holdings in shares of Reliance by 86.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 50 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in shares of Reliance in the fourth quarter worth $32,000. Quarry LP purchased a new stake in shares of Reliance during the third quarter worth $32,000. Finally, Parkside Financial Bank & Trust boosted its position in Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 55 shares during the last quarter. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.