SCHN dividend – Schnitzer Steel Declares Quarterly Dividend of $0.1875/Share; Yield of 2.38%
January 8, 2023
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SCHN Intrinsic Stock Value – Schnitzer Steel Industries ($NASDAQ:SCHN) Inc. is a global leader in the metals recycling and steel manufacturing industry. Schnitzer Steel Industries Inc. recently announced a quarterly dividend of $0.1875 per share, which is in line with previous payments. The dividend yield is 2.38%, and will be paid on February 14th to shareholders of record as of January 31st. The ex-dividend date is January 30th. This dividend payment is a great way for shareholders to earn some passive income from their investments in the company. Schnitzer Steel Industries Inc. is a publicly traded company, with shares traded on the NASDAQ exchange under the symbol SCHN.
The company’s stock has been performing well year-to-date, and has seen a steady increase in its share price over the past few months. This positive trend is likely to continue as more investors become aware of the company’s strong financials and attractive dividend yield. For those interested in more information on the company’s dividend policy, Seeking Alpha’s SCHN Dividend Scorecard, Yield Chart, and Dividend Growth page are great resources. These pages provide detailed information on the company’s dividend history, current yield, and dividend growth projections for the future. Investors looking for an opportunity to earn passive income through dividends should definitely consider Schnitzer Steel Industries Inc. stock.
Dividends – SCHN dividend
Schnitzer Steel Industries, Inc. has declared a quarterly dividend of $0.1875 per share for the fourth quarter of fiscal year 2022, payable on August 31, 2022. This is the same amount per share as the dividends issued in the two previous years. The dividend yield on the company’s stock is 2.38%, up from 1.52% in the past three years. This dividend payment is intended to reward shareholders for their support and loyalty to Schnitzer Steel Industries and is an indicator of the company’s strong financial condition and profitability. The company is well-positioned to benefit from increased demand for steel products and services and the continued recovery of global economies. Schnitzer Steel Industries, Inc. is a global leader in steel manufacturing and recycling, with operations in the United States, China, Mexico and other countries throughout the world.
The company’s steel manufacturing and recycling capabilities enable it to offer a wide range of products and services, including ferrous and non-ferrous metals. It also provides services such as scrap metal recycling, containerized scrap handling, and industrial services. The company’s strong financial performance has allowed it to pay a steady dividend to its shareholders, while continuing to reinvest in its operations and expand into new markets. This latest dividend payment is another indication of the company’s commitment to creating value for its investors. With strong fundamentals and a solid balance sheet, Schnitzer Steel Industries should continue to reward its shareholders with future dividend payments.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SCHN. More…
| Total Revenues | Net Income | Net Margin |
| 3.29k | 104.81 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SCHN. More…
| Operations | Investing | Financing |
| 209.79 | -245.33 | 20.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SCHN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.82k | 894.12 | 33.79 |
Key Ratios Snapshot
Some of the financial key ratios for SCHN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.5% | 40.1% | 4.4% |
| FCF Margin | ROE | ROA |
| 1.6% | 9.7% | 5.0% |
Market Price
Schnitzer Steel Industries recently announced a quarterly dividend of $0.1875 per share, providing a yield of 2.38%. The news sentiment surrounding the dividend announcement is mostly neutral, as investors remain uncertain regarding the company’s outlook. This decline indicates a lack of confidence in the industry, as investors remain wary of the company’s future prospects. The dividend payout is a sign of confidence from the company, and it may bolster investor sentiments in the short-term.
In addition, the dividend provides a solid yield for investors who are looking for low-risk investments. Schnitzer Steel Industries is an important player in the steel industry, and its dividend declaration could help to catalyze growth in the industry. The stock performance on Thursday indicates that investors remain uncertain about the company’s future, but the dividend could be a sign that the company is optimistic about its prospects. Ultimately, the dividend declaration is one of many factors that will impact Schnitzer Steel Industries’ stock price in the future. Investors should take into account the news sentiment surrounding the dividend announcement, as well as the company’s financials and industry outlook, when determining whether or not to invest in the company. Live Quote…
VI Analysis – SCHN Intrinsic Stock Value
A simple assessment of the company’s value can be made using the VI Line, which is an app that provides a fair value estimate of any stock. According to this app, the fair value of a share of Schnitzer Steel Industries is around $45.5. Currently, the stock is trading at $30.7, which indicates a 32% undervaluation. This undervaluation could be due to a number of factors, such as a downturn in the market or a change in investor sentiment. Investors should take caution when considering such an investment and conduct further research in order to determine if the stock is worth the risk. Schnitzer Steel Industries has a strong history of success, but it is important to consider all factors before investing in any stock. The VI Line can provide a good starting point for evaluating a stock’s potential, as it takes into account a variety of fundamental metrics such as profitability and growth potential. It is important to note, however, that the fair value given by the app should not be taken as gospel and further research should always be conducted before investing in any stock. More…
VI Peers
Schnitzer Steel Industries Inc is one of the largest steel producers in the world. Its competitors include Daido Steel Co Ltd, FENG HSIN STEEL CO LTD, and Bengang Steel Plates Co Ltd.
– Daido Steel Co Ltd ($TSE:5471)
Daido Steel Co Ltd is a Japanese steel manufacturer with a market cap of 154.52B as of 2022. The company has a Return on Equity of 7.71%. Daido Steel Co Ltd produces a wide range of steel products, including stainless steel, carbon steel, and alloy steel. The company also manufactures and sells steel products for use in construction, shipbuilding, automotive, and other industries.
– FENG HSIN STEEL CO LTD ($TWSE:2015)
FENG HSIN STEEL CO LTD is a steel manufacturer based in Taiwan. The company has a market capitalization of 34.08 billion as of 2022 and a return on equity of 15.9%. Feng Hsin Steel Co Ltd produces a variety of steel products including hot rolled coils, cold rolled coils, and hot dip galvanized coils. The company also produces steel pipes and tubes, wire rods, and other steel products. Feng Hsin Steel Co Ltd has a production capacity of 2.8 million tons of steel products per year.
– Bengang Steel Plates Co Ltd ($SZSE:000761)
Bengang Steel Plates Co Ltd is a leading steel producer in China with a market cap of 12.33B as of 2022. The company has a Return on Equity of 5.86%. Bengang Steel Plates Co Ltd produces a variety of steel products including plates, coils, sheets, and pipes. The company is vertically integrated and has a diversified customer base.
Summary
Schnitzer Steel Industries is a publicly-traded steel and metal recycling company. The company recently declared a quarterly dividend of $0.1875 per share, yielding 2.38%. Investing in Schnitzer Steel could be attractive to investors looking for a relatively safe, steady income stream with a relatively low yield.
The company’s metal recycling business is relatively stable and provides steady cash flows over the long-term. The company also has a strong balance sheet and a long history of dividend payments, making it an attractive option for dividend investors.
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