Enjoy a high 8.3% yield from Russel Metals

Enjoy a high 8.3% yield from Russel Metals

COVID-19-induced slowdowns for this operator’s key markets, which include the oil and gas industry, have impacted both its revenue and earnings.

Still, its very high yield seems sustainable and its strong balance sheet further enhances its investment appeal.

RUSSEL METALS INC. (New York symbol XEC; www.russelmetals.com)… Read More

Updating your Cyclical-Growth Payers: Russel Metals Inc.

RUSSEL METALS INC. $15 is still a buy for aggressive investors. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 62.2 million; Market cap: $933.0 million; Dividend yield: 10.1%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) is one of North America’s largest metal distributors. It… Read More

Russel pursues new rigs

RUSSEL METALS $21.79 (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (905-819-7777; www.russelmetals.com; Shares outstanding: 62.1 million; Market cap: $1.4 billion; Dividend yield: 7.0%) has now agreed to buy City Pipe & Supply Corp. for roughly $160 million.
City Pipe is an industry leader in supplying… Read More

Russel Metals offers investors a 7.6% yield

Russel Metals offers investors a 7.6% yield

Shareholders of this metal distributor continue to benefit from its rising sales on both sides of the U.S.-Canada border. That regional diversity helped lift overall revenue by 11% in the most-recent quarter as selling prices in both markets improved.

Given the company’s unique business model,… Read More