Ex-Div Reminder for Schnitzer Steel Industries (SCHN)

Looking at the universe of stocks we cover at Dividend Channel, on 11/6/14, Schnitzer Steel Industries, Inc. (SCHN) will trade ex-dividend, for its quarterly dividend of $0.1875, payable on 11/24/14. As a percentage of SCHN's recent stock price of $23.37, this dividend works out to approximately 0.80%, so look for shares of Schnitzer Steel Industries, Inc. to trade 0.80% lower — all else being equal — when SCHN shares open for trading on 11/6/14.

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Below is a dividend history chart for SCHN, showing historical dividends prior to the most recent $0.1875 declared by Schnitzer Steel Industries, Inc.:

SCHN+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SCHN is likely to continue, and whether the current estimated yield of 3.21% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of SCHN shares, versus its 200 day moving average:

Schnitzer Steel Industries, Inc. 200 Day Moving Average Chart

Looking at the chart above, SCHN's low point in its 52 week range is $21.41 per share, with $33.32 as the 52 week high point — that compares with a last trade of $23.37.

According to the ETF Finder at ETF Channel, SCHN makes up 2.62% of the Environmental Services ETF ( EVX) which is trading relatively unchanged on the day Wednesday.

In Wednesday trading, Schnitzer Steel Industries, Inc. shares are currently off about 0.6% on the day.

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