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

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