Dividend Flows Coverage: Nov 21, 2016 will introduce $0.19 dividends for investors in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN).

Dividend Flows Coverage: Nov 21, 2016 will introduce $0.19 dividends for investors in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN).

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) is expected to pay $0.19 on Nov 21, 2016. The indicated annual dividend is $0.75. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Schnitzer Steel Industries, Inc.’s current price of $23.55, the dividend is 0.80%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 28, 2016. The stock closed at $23.55 during the last session. It is down 27.71% since March 31, 2016 and is uptrending. It has outperformed by 25.19% the S&P500.

Schnitzer Steel Industries, Inc. is a recycler of ferrous and nonferrous scrap metal. The company has a market cap of $615.32 million. The Firm is recycler of used and salvaged vehicles and a maker of finished steel products. It currently has negative earnings. The Firm operates in three business divisions: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB).

Insitutional Activity: The institutional sentiment increased to 1.41 in 2016 Q2. Its up 0.36, from 1.05 in 2016Q1. The ratio is positive, as 14 funds sold all Schnitzer Steel Industries, Inc. shares owned while 42 reduced positions. 30 funds bought stakes while 49 increased positions. They now own 23.68 million shares or 0.54% more from 23.56 million shares in 2016Q1.
The Massachusetts-based State Street has invested 0% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Hanson & Doremus Invest accumulated 0.04% or 4,915 shares. Diam Co holds 0.01% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 48,277 shares. Paloma Partners Management reported 24,896 shares or 0% of all its holdings. Da Davidson & accumulated 0.01% or 16,891 shares. The New York-based Lucus Lc has invested 0.31% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Morgan Stanley last reported 0% of its portfolio in the stock. Blackrock Fund accumulated 0% or 691,636 shares. Manufacturers Life Co The has invested 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Susquehanna Interest Group Llp has invested 0% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Rbf Ltd Company, a California-based fund reported 11,000 shares. Pnc Fin Group has 2,000 shares for 0% of their US portfolio. Moreover, Invesco Ltd has 0% invested in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) for 295,617 shares. The New Jersey-based Kcg Inc has invested 0.01% in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN). Capital Fund has invested 0.01% of its portfolio in Schnitzer Steel Industries, Inc. (NASDAQ:SCHN).

Insider Transactions: Since July 5, 2016, the stock had 0 buys, and 1 sale for $162,103 net activity. Dyck Jeffery sold $162,103 worth of stock or 9,205 shares.

Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) Ratings Coverage

Out of 2 analysts covering Schnitzer Steel Industries (NASDAQ:SCHN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Schnitzer Steel Industries has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Morgan Stanley on Tuesday, November 24. The stock of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) earned “Buy” rating by Zacks on Wednesday, August 12. Jefferies maintained Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) rating on Wednesday, September 16. Jefferies has “Buy” rating and $17 price target.

More news for Schnitzer Steel Industries, Inc. (NASDAQ:SCHN) were recently published by: Marketwatch.com, which released: “Schnitzer Steel shares halted at $19.41, larger loss expected” on June 30, 2009. Quotes.Wsj.com‘s article titled: “News Schnitzer Steel Industries Inc.SCHN” and published on February 11, 2011 is yet another important article.

SCHN Company Profile

Schnitzer Steel Industries, Inc. (SSI), incorporated on July 30, 1946, is a recycler of ferrous and nonferrous scrap metal. The Firm is recycler of used and salvaged vehicles and a maker of finished steel products. The Firm operates in three business divisions: the Metals Recycling Business (MRB), the Auto Parts Business (APB) and the Steel Manufacturing Business (SMB).

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