ArcelorMittal (MT) To Go Ex-Dividend on August 7th

ArcelorMittal (NYSE:MT) announced a quarterly dividend on Friday, February 13th. Shareholders of record on Friday, August 7th will be given a dividend of 0.15 per share by the basic materials company on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, August 7th.

ArcelorMittal has a payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ArcelorMittal to earn $7.10 per share next year, which means the company should continue to be able to cover its $0.51 annual dividend with an expected future payout ratio of 7.2%.

ArcelorMittal Price Performance

NYSE MT opened at $75.21 on Wednesday. The stock has a 50-day simple moving average of $66.28 and a 200 day simple moving average of $61.07. ArcelorMittal has a twelve month low of $30.75 and a twelve month high of $75.43. The stock has a market capitalization of $58.29 billion, a PE ratio of 31.87, a P/E/G ratio of 0.55 and a beta of 1.53. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 1.43.

ArcelorMittal Company Profile

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.