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Reliance Steel And Aluminum Stock To Go Ex-dividend Tomorrow (RS)

By TheStreet Wire 02/28/12 - 08:55 AM EST

Find out if (RS) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Reliance Steel and Aluminum (NYSE:RS) is tomorrow, February 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $54.55 as of 9:30 a.m. ET, the dividend yield is 1.1%.

The average volume for Reliance Steel and Aluminum has been 676,600 shares per day over the past 30 days. Reliance Steel and Aluminum has a market cap of $4.08 billion and is part of the industrial goods sector and industrial industry. Shares are up 11.9% year to date as of the close of trading on Monday.

Reliance Steel & Aluminum Co. operates metals service centers. The company has a P/E ratio of 11.9, below the average industrial industry P/E ratio of 13 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Reliance Steel and Aluminum as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Reliance Steel and Aluminum Ratings Report.

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