Reliance Steel & Aluminum Co. (RS) Ex-Dividend Date Scheduled for August 14, 2013


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Reliance Steel & Aluminum Co. ( RS ) will begin trading ex-dividend on August 14, 2013. A cash dividend payment of $0.33 per share is scheduled to be paid on September 13, 2013. Shareholders who purchased RS stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 10% increase over the prior quarter. At the current stock price of $71.36, the dividend yield is 1.85%.

The previous trading day's last sale of RS was $71.36, representing a -2.11% decrease from the 52 week high of $72.90 and a 43.52% increase over the 52 week low of $49.72.

RS is a part of the Basic Industries sector, which includes companies such as Precision Castparts Corporation ( PCP ) and National Oilwel Varcol, Inc. ( NOV ). RS's current earnings per share, an indicator of a company's profitability, is $4.5. Zacks Investment Research reports RS's forecasted earnings growth in 2013 as -15.61%, compared to an industry average of -17%.

For more information on the declaration, record and payment dates, visit the RS Dividend History page.

Interested in gaining exposure to RS through an Exchange Traded Fund [ETF]?
The following ETF(s) have RS as a top-10 holding:

  • Market Vectors Steel Index ETF Fund ( SLX )
  • First Trust Materials AlphaDEX Fund ( FXZ )
  • SPDR S&P Metals & Mining ETF ( XME )
  • Vanguard S&P Mid-Cap 400 Value ETF ( IVOV ).

The top-performing ETF of this group is IVOV with an increase of 9.21% over the last 100 days. SLX has the highest percent weighting of RS at 4.53%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines Stocks
Referenced Stocks: FXZ , IVOV , NOV , PCP , RS , SLX , XME

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