Empire Resources Inc. (ERS) Announces $0.04 Quarterly Dividend

Empire Resources Inc. (NASDAQ:ERS) announced a quarterly dividend on Thursday, September 15th. Investors of record on Friday, September 30th will be given a dividend of 0.04 per share on Friday, October 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Wednesday, September 28th.

Separately, TheStreet raised Empire Resources from a “sell” rating to a “hold” rating in a research note on Monday, August 29th.

Shares of Empire Resources (NASDAQ:ERS) opened at 5.11 on Friday. The firm has a market cap of $43.25 million, a price-to-earnings ratio of 25.81 and a beta of 0.45. The company’s 50 day moving average price is $4.76 and its 200-day moving average price is $3.90. Empire Resources has a 1-year low of $2.80 and a 1-year high of $5.38.

Empire Resources (NASDAQ:ERS) last announced its quarterly earnings results on Monday, August 15th. The company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $122.50 million for the quarter, compared to the consensus estimate of $134.50 million. Empire Resources had a return on equity of 2.85% and a net margin of 0.53%.

Empire Resources Company Profile

Empire Resources, Inc is engaged in the purchase, sale and distribution of semi-finished aluminum and steel products to a range of customer base located in the Americas, Europe, Australia and New Zealand. The Company operates through the sale and distribution of non-ferrous and ferrous metals segment.

5 Day Chart for NASDAQ:ERS

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