Dividend Flows: $0.02 dividends just around the corner for Olympic Steel, Inc. (NASDAQ:ZEUS) shareholders.

Dividend Flows: $0.02 dividends just around the corner for Olympic Steel, Inc. (NASDAQ:ZEUS) shareholders.

Olympic Steel, Inc. (NASDAQ:ZEUS) is expected to pay $0.02 on Dec 15, 2016. The indicated annual dividend is $0.08. Shareholders owning the stock before Nov 29, 2016 will be eligible to receive the payout. Based on Olympic Steel, Inc.’s current price of $25.97, the dividend is 0.08%. This dividend’s record date is Dec 1, 2016 and the announcement date is Nov 4, 2016. The stock decreased 3.28% or $0.88 on November 25, hitting $25.97. Olympic Steel, Inc. (NASDAQ:ZEUS) has risen 26.37% since April 25, 2016 and is uptrending. It has outperformed by 20.36% the S&P500.

Olympic Steel, Inc. is a metals service center. The company has a market cap of $275.39 million. The Firm provides metals processing and distribution services for a range of customers. It currently has negative earnings. The Firm operates through three divisions: carbon flat products, specialty metals flat products, and tubular and pipe products.

Insitutional Activity: The institutional sentiment decreased to 1.14 in 2016 Q2. Its down 0.67, from 1.81 in 2016Q1. The ratio dived, as 8 funds sold all Olympic Steel, Inc. shares owned while 29 reduced positions. 31 funds bought stakes while 36 increased positions. They now own 7.84 million shares or 10.14% more from 7.12 million shares in 2016Q1.
Van Eck Associate Corp has 15,565 shares for 0% of their US portfolio. Geode Cap Mngmt Ltd Liability Co last reported 0% of its portfolio in the stock. Ancora Ltd Liability Com holds 0.28% of its portfolio in Olympic Steel, Inc. (NASDAQ:ZEUS) for 87,801 shares. Pnc Svcs Gru, a Pennsylvania-based fund reported 14,431 shares. Ajo L P has 37,481 shares for 0% of their US portfolio. Hillsdale Invest reported 14,400 shares or 0.11% of all its holdings. Gerstein Fisher reported 44,209 shares or 0.16% of all its holdings. Globeflex Cap Lp reported 43,100 shares or 0.32% of all its holdings. Millennium Mngmt Lc accumulated 0% or 7,802 shares. Schwab Charles Mgmt Inc accumulated 0% or 13,600 shares. Guggenheim Ltd Liability Corporation holds 0.01% or 77,229 shares in its portfolio. Art Advisors Ltd Liability Com reported 24,502 shares or 0.03% of all its holdings. Comml Bank Of Montreal Can, a Ontario – Canada-based fund reported 1,758 shares. Creative Planning holds 100 shares or 0% of its portfolio. Strs Ohio holds 0% or 24,500 shares in its portfolio.

Olympic Steel, Inc. (NASDAQ:ZEUS) Ratings Coverage

Out of 3 analysts covering Olympic Steel Inc (NASDAQ:ZEUS), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Olympic Steel Inc has been the topic of 9 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Friday, August 19, the company rating was downgraded by KeyBanc Capital Markets. KeyBanc Capital Markets upgraded the shares of ZEUS in a report on Monday, September 19 to “Sector Weight” rating. The firm has “Buy” rating by Jefferies given on Monday, August 24. The firm earned “Sector Weight” rating on Monday, September 21 by KeyBanc Capital Markets. Jefferies reinitiated Olympic Steel, Inc. (NASDAQ:ZEUS) on Wednesday, January 13 with “Buy” rating. Jefferies downgraded the shares of ZEUS in a report on Monday, March 21 to “Hold” rating. As per Tuesday, November 8, the company rating was downgraded by Macquarie Research.

More recent Olympic Steel, Inc. (NASDAQ:ZEUS) news were published by: Crainscleveland.com which released: “Olympic Steel Inc. names Andrew Greiff as EVP, chief operating officer” on August 24, 2016. Also Thestreet.com published the news titled: “Commit To Buy Olympic Steel At $17.50, Earn 14.7% Annualized Using Options” on November 22, 2016. Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: January 30, 2011 was also an interesting one.

ZEUS Company Profile

Olympic Steel, Inc., incorporated on April 25, 1978, is a metals service center. The Firm provides metals processing and distribution services for a range of customers. The Firm operates through three divisions: carbon flat products, specialty metals flat products, and tubular and pipe products. The Firm also performs toll processing of customer-owned metals. It sells certain products internationally, primarily in Canada, Puerto Rico and Mexico. The Firm maintains an inventory of carbon, stainless and aluminum coil, plate and sheet products, and tubular and pipe products. Coil is in the form of a continuous sheet, typically 36 to 96 inches wide, between 0.015 and 0.625 inches thick, and rolled into 10 to 30 ton coils.

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