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

NEW YORK ( TheStreet) -- The ex-dividend date for Reliance Steel and Aluminum (NYSE: RS) is tomorrow, May 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $48.97 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for Reliance Steel and Aluminum has been 610,300 shares per day over the past 30 days. Reliance Steel and Aluminum has a market cap of $3.61 billion and is part of the industrial goods sector and industrial industry. Shares are down 1.4% year to date as of the close of trading on Friday.

Reliance Steel & Aluminum Co. operates as a metals service center company primarily in the United States and Canada. The company has a P/E ratio of 9.8, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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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