Dividend Flows Coverage: Dec 8, 2016 will be the day that Gerdau S.A. (NYSE:GGB) dividends reach $0.01.

Dividend Flows Coverage: Dec 8, 2016 will be the day that Gerdau S.A. (NYSE:GGB) dividends reach $0.01.

Gerdau S.A. (NYSE:GGB) is expected to pay $0.01 on Dec 8, 2016. The indicated annual dividend is $0.01. Shareholders owning the stock before Nov 22, 2016 will be eligible to receive the payout. Based on Gerdau S.A.’s current price of $3.87, the dividend is 0.13%. This dividend’s record date is Nov 25, 2016 and the announcement date is Nov 9, 2016. The stock increased 4.03% or $0.15 on November 18, hitting $3.87. Gerdau SA (ADR) (NYSE:GGB) has risen 72.00% since April 19, 2016 and is uptrending. It has outperformed by 68.14% the S&P500.

Gerdau S.A. is a manufacturer of long steel in the North and South America. The company has a market cap of $6.29 billion. The Firm is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela. It currently has negative earnings.

Gerdau SA (ADR) (NYSE:GGB) Ratings Coverage

Out of 5 analysts covering Gerdau (NYSE:GGB), 3 rate it a “Buy”, 2 “Sell”, while 0 “Hold”. This means 60% are positive. Gerdau has been the topic of 6 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Thursday, August 4. The rating was downgraded by Scotia Capital on Tuesday, October 25 to “Underperform”. The stock has “Buy” rating given by Goldman Sachs on Monday, August 10. The company was downgraded on Monday, February 22 by Bank of America. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, August 18.

GGB Company Profile

Gerdau S.A. (Gerdau), incorporated on November 20, 1961, is a maker of long steel in the North and South America. The Firm is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela. The Company’s divisions are Brazil Operations, which includes activities of steel and iron ore in Brazil, except Special Steels, and the operation of metallurgical coal and coke in Colombia; North America Operations, which includes all activities in North America, except those of Mexico and Special Steels; South America Operations, which includes all activities in South America, except Brazil and the operation of metallurgical coal and coke in Colombia, and Special Steel Operations, including special steel activities in Brazil, Spain, the United States and India.

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