Reliance Steel (RS)

Price*: $15.46 | Dividend: $0.40 | Dividend Yield: 2.59%

Recommendation Info
We downgraded this stock from the "Recommended" list on 8/8/08, at a price of 58.62.

Dividend Stock Ratings Breakdown

1. Relative Strength

Stock is slightly underperforming.

2. Overall Yield Attractiveness

Stock's dividend yield is below average.

3. Dividend Reliability

This rating is directly related to the length and consistency of a company's dividend payouts.

4. Dividend Uptrend

Dividend payouts are consistent, but increases small.

5. Earnings Growth

Earnings estimates have been cut slightly.

Price and Dividend Info

Reliance Steel (RS)

Previous Day's Closing Price*

$15.46

Annual Stock Dividend

$0.40

Current Dividend Yield

2.59%

Recent Headlines

Dividend Stocks: Traders Special (ACI, BTU, CNX, MEE, WLT, SCHN, X, AKS, RS, NUE)
Sat, Aug 23, 2008
Steel Stocks: Have They Bottomed? (X, RS, NUE, SCHN, AKS)
Sun, Aug 17, 2008
13 Dividend Stocks Removed from Our Recommended List
Fri, Aug 8, 2008
Don't Let Greed "Steel" Away Your Profits (X, RS, NUE, SCHN, AKS)
Sat, Jul 19, 2008
Steel Does Bend, But Will it Break? (X, SCHN, NUE, MT, RS)
Thu, Jul 3, 2008
Timken's Losing Its Bearings (TKR)
Tue, Jul 1, 2008
Reliance (RS) Shows Nerves of Steel
Thu, Jun 26, 2008

Profile & Recommendation

Company Profile

Reliance Steel- (RS)-operates metals service centers. It provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, titanium, stainless steel, and specialty steel products to fabricators, manufacturers, and other end users. As of December 31, 2007, it maintained approximately 180 metals service center processing and distribution facilities in 37 states, and in Belgium, Canada, China, South Korea, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.

Recommendation

Based on our rating criteria, this stock has achieved a "Neutral" rating. Stocks with a neutral rating are considered mediocre investments in terms of expected price growth and dividend payments.

Stock Notes

This mid cap stock does not make an attractive dividend stock investment at this time.

* Stock price reflects previous day's closing price. All stock quotes on this website should be considered as having a 24-hour delay.

** Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.