Get a 4.6% yield from Russel Metals

Get a 4.6% yield from Russel Metals

A new agreement to combine operations with a rival will help the firm compete in a more challenging energy market.

The firm already has a large client base and it should soon have a more diverse product offering and business platform.

RUSSEL METALS INC. (Toronto symbol RUS;… Read More

Russel forms a key partnership

RUSSEL METALS $27.84 (Toronto symbol RUS; TSINetwork Rating: Extra Risk) (www.russelmetals.com; Shares outstanding: 62.3 million; Market cap: $1.7 billion; Dividend yield: 5.5%) and Japan’s Marubeni-Itochu Tubulars America have agreed to combine their respective Canadian OCTG/line pipe businesses. These units sell pipe to oil and gas companies.
Over the past… Read More

Wage subsidies buoy its earnings

RUSSEL METALS $25 is a buy. The company (Toronto symbol RUS; Cyclical-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 62.2 million; Market cap: $1.6 billion; Dividend yield: 6.1%; Dividend Sustainability Rating: Above Average; www.russelmetals.com) has paid quarterly dividends of $0.38 a share since the third quarter of… Read More

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

Both Russel and Wajax offer very high yields

Those industrials remain profitable despite COVID-19-induced slowdowns in their markets. Meanwhile, both yield over 8%. That adds an extra layer to their appeal and helps support their share prices. Each is a buy.
RUSSEL METALS $18.00 (New York symbol XEC; TSINetwork Rating: Extra Risk) (www.russelmetals.com; Shares outstanding: 62.2… 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