Cash Dividend On The Way From Schnitzer Steel Industries (SCHN)

Looking at the universe of stocks we cover at Dividend Channel, on 5/7/15, Schnitzer Steel Industries, Inc. ( SCHN) will trade ex-dividend, for its quarterly dividend of $0.1875, payable on 5/26/15. As a percentage of SCHN's recent stock price of $17.48, this dividend works out to approximately 1.07%, so look for shares of Schnitzer Steel Industries, Inc. to trade 1.07% lower — all else being equal — when SCHN shares open for trading on 5/7/15.

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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 4.29% 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 $15.06 per share, with $28.44 as the 52 week high point — that compares with a last trade of $17.51.

According to the ETF Finder at ETF Channel, SCHN makes up 2.23% of the Environmental Services ETF ( EVX) which is trading relatively unchanged on the day Tuesday.

In Tuesday trading, Schnitzer Steel Industries, Inc. shares are currently up about 1.9% on the day.

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