Tree Island Steel Ltd. (TSL) To Go Ex-Dividend on September 27th

Tree Island Steel Ltd. (TSE:TSL) declared a quarterly dividend on Thursday, September 27th, TickerTech reports. Shareholders of record on Monday, October 15th will be given a dividend of 0.02 per share on Monday, October 15th. This represents a $0.08 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, September 27th.

TSL stock traded up C$0.01 during mid-day trading on Wednesday, reaching C$2.67. 4,100 shares of the company traded hands, compared to its average volume of 12,184. Tree Island Steel has a 52-week low of C$2.01 and a 52-week high of C$3.66.

Tree Island Steel (TSE:TSL) last posted its earnings results on Thursday, August 2nd. The company reported C$0.09 earnings per share for the quarter. The business had revenue of C$68.09 million during the quarter. Tree Island Steel had a negative return on equity of 13.03% and a negative net margin of 3.87%.

Separately, Raymond James cut their price objective on Tree Island Steel from C$4.00 to C$3.50 and set an “outperform” rating for the company in a report on Friday, August 3rd.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and wire products for industrial, construction, agricultural, and specialty applications in Canada, the United States, and internationally. It offers industrial products, such as pulp and unitizing, waste, chain link, upholstery, low carbon, and shaped wires, as well as bar/straight and cut bars; and wirelines for use in the oil industry.

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Dividend History for Tree Island Steel (TSE:TSL)

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