SCHN Schnitzer Steel

  • STOCK
  • SCHN
  • Price as of: Dec 02, 04:00 PM EST
  • $29.00
  • +$0.55
  • +1.9%
  • Industry
  • Steel & iron
Share

SCHN Stock Dividend Data

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  • Dividend Yield
    2.59% Basic Materials Average 2.81%
  • Annualized Payout
    $0.75 Paid Quarterly
  • Payout Ratio
    69.4% EPS $1.08
  • Dividend Growth
    No Payout Increase Last Year
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Upcoming Dividend Payouts

SCHN Upcoming Dividend Payouts

SCHN has not yet officially announced its next dividend payout.
DARS Rating™ Breakdown

Dividend.com DARS Rating™ Breakdown for SCHN

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Metric SCHN Rank SCHN Avg Ranking Notes
Relative Strength 1 year return is lower than Benchmark/Peers/Broader Market/Analyst Expectations
Overall Yield Attractiveness Yield is lower than Benchmark/Peers/Broader Market/Analyst Expectations
Dividend Reliability Payout ratio is considerably higher than industry average and peers
Dividend Uptrend Dividends are above average, growing as per Benchmark/Peers/Broader Market/Analyst Expectations
Earnings Growth EPS growth is below Benchmark/Peers/Broader Market/Analyst Expectations
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Growth History

SCHN Dividend Growth History

Annualized Growth
1994-2012
Annualized Growth
1994-2004
Annualized Growth
2004-2008
Annualized Growth
2008-2012
Annualized Growth
Last 5 Yrs
Annualized Growth
Last 3 Yrs
Annual
Growth
2012
Consecutive
Years of
Increases
9.0% 0.0% No Payout Increase Last Year
Reveal More Dividend Growth History for SCHN
Historical Annual Dividend Data & Growth

SCHN Historical Annual Dividend Data & Growth

Payout Amount Calendar Year Annual Growth
$0.7500 2015 0.0%
$0.7500 2014 0.0%
Historical Dividend Data

SCHN Dividend History

Payout Amount Declared Date Ex-Dividend Date Record Date Pay Date ▼ Qualified Dividend? Payout Type Frequency
$0.1875 2016-10-27 2016-11-03 2016-11-07 2016-11-21 Yes Regular Quarter
$0.1875 2016-07-28 2016-08-04 2016-08-08 2016-08-22 Yes Regular Quarter
$0.1875 2016-04-28 2016-05-05 2016-05-09 2016-05-23 Yes Regular Quarter
$0.1875 2016-01-28 2016-02-04 2016-02-08 2016-02-22 Yes Regular Quarter
$0.1875 2015-10-29 2015-11-05 2015-11-09 2015-11-23 Yes Regular Quarter
$0.1875 2015-07-30 2015-08-06 2015-08-10 2015-08-24 Yes Regular Quarter
$0.1875 2015-04-29 2015-05-07 2015-05-11 2015-05-26 Yes Regular Quarter
$0.1875 2015-01-30 2015-02-05 2015-02-09 2015-02-23 Yes Regular Quarter
$0.1875 2014-10-30 2014-11-06 2014-11-10 2014-11-24 Yes Regular Quarter
$0.1875 2014-07-31 2014-08-07 2014-08-11 2014-08-25 Yes Regular Quarter
$0.1875 2014-04-30 2014-05-08 2014-05-12 2014-05-27 Yes Regular Quarter
$0.1875 2014-02-10 2014-02-18 2014-02-20 2014-02-28 Yes Regular Quarter
$0.1875 2013-11-07 2013-11-14 2013-11-18 2013-11-29 Yes Regular Quarter
$0.1875 2013-08-02 2013-08-08 2013-08-12 2013-08-26 Yes Regular Quarter
$0.1875 2013-04-25 2013-05-14 2013-05-16 2013-05-30 Yes Regular Quarter
$0.1875 2013-02-01 2013-02-19 2013-02-21 2013-03-07 Yes Regular Quarter
$0.1875 2012-11-12 2012-11-27 2012-11-29 2012-12-13 Yes Regular Quarter
$0.1875 2012-07-30 2012-08-14 2012-08-16 2012-08-30 Yes Regular Quarter
$0.1875 2012-04-03 2012-05-15 2012-05-17 2012-05-31 Yes Regular Quarter
$0.0170 2012-01-30 2012-02-14 2012-02-16 2012-03-01 Yes Regular Quarter
$0.0170 2011-11-14 2011-11-29 2011-12-01 2011-12-15 Yes Regular Quarter
$0.0170 2011-08-01 2011-08-16 2011-08-18 2011-09-01 Yes Regular Quarter
$0.0170 2011-05-02 2011-05-17 2011-05-19 2011-06-02 Yes Regular Quarter
$0.0170 2011-01-24 2011-02-01 2011-02-03 2011-02-17 Yes Regular Quarter
$0.0170 2010-11-01 2010-11-16 2010-11-18 2010-12-02 Yes Regular Quarter
$0.0170 2010-08-02 2010-08-17 2010-08-19 2010-09-02 Yes Regular Quarter
$0.0170 2010-05-03 2010-05-18 2010-05-20 2010-06-03 Yes Regular Quarter
$0.0170 2010-02-01 2010-02-11 2010-02-16 2010-03-01 Yes Regular Quarter
$0.0170 2009-11-02 2009-11-12 2009-11-16 2009-11-30 Yes Regular Quarter
$0.0170 2009-08-03 2009-08-13 2009-08-17 2009-08-31 Yes Regular Quarter
$0.0170 2009-05-04 2009-05-14 2009-05-18 2009-06-01 Yes Regular Quarter
$0.0170 2009-02-02 2009-02-12 2009-02-17 2009-03-02 Yes Regular Quarter
$0.0170 2008-11-03 2008-11-13 2008-11-17 2008-12-01 Yes Regular Quarter
$0.0170 2008-08-04 2008-08-14 2008-08-18 2008-09-02 Yes Regular Quarter
$0.0170 2008-05-05 2008-05-15 2008-05-19 2008-06-02 Yes Regular Quarter
$0.0170 2008-02-04 2008-02-13 2008-02-18 2008-03-03 Yes Regular Quarter
$0.0170 2007-11-07 2007-11-15 2007-11-19 2007-12-03 Yes Regular Quarter
$0.0170 2007-08-03 2007-08-07 2007-08-09 2007-08-23 Yes Regular Quarter
$0.0170 2007-04-23 2007-05-03 2007-05-07 2007-05-21 Yes Regular Quarter
$0.0170 2007-02-05 2007-02-08 2007-02-12 2007-02-26 Yes Regular Quarter
$0.0170 2006-10-25 2006-11-09 2006-11-13 2006-11-27 Yes Regular Quarter
$0.0170 2006-08-01 2006-08-14 2006-08-16 2006-08-30 Yes Regular Quarter
$0.0170 2006-04-24 2006-05-04 2006-05-08 2006-05-22 Yes Regular Quarter
$0.0170 2006-02-02 2006-02-09 2006-02-13 2006-02-28 Yes Regular Quarter
$0.0170 2005-10-20 2005-11-09 2005-11-14 2005-11-24 Yes Regular Quarter
$0.0170 2005-07-21 2005-08-04 2005-08-08 2005-08-22 Yes Regular Quarter
$0.0170 2005-04-21 2005-05-05 2005-05-09 2005-05-23 Yes Regular Quarter
$0.0170 2005-02-04 2005-02-10 2005-02-14 2005-02-28 Yes Regular Quarter
$0.0170 2004-10-21 2004-11-08 2004-11-10 2004-11-24 Yes Regular Quarter
$0.0170 2004-07-29 2004-08-10 2004-08-12 2004-08-26 Yes Regular Quarter
$0.0170 2004-04-23 2004-05-10 2004-05-12 2004-05-26 Yes Regular Quarter
3-for-2 2004-01-27 2004-03-26 2004-03-04 2004-03-25 NM Stock Split NM
$0.0167 2004-01-29 2004-02-11 2004-02-13 2004-02-26 Yes Regular Quarter
$0.0083 2003-10-24 2003-11-07 2003-11-12 2003-11-25 Yes Regular Quarter
2-for-1 2003-06-24 2003-08-15 2003-07-24 2003-08-14 NM Stock Split NM
$0.0167 2003-07-11 2003-07-22 2003-07-24 2003-08-07 Yes Regular Quarter
$0.0167 2003-04-10 2003-05-06 2003-05-08 2003-05-22 Yes Regular Quarter
$0.0167 2003-01-29 2003-02-05 2003-02-07 2003-02-21 Yes Regular Quarter
$0.0167 2002-10-17 2002-11-05 2002-11-07 2002-11-21 Unknown Regular Quarter
$0.0167 2002-07-18 2002-08-06 2002-08-08 2002-08-22 Unknown Regular Quarter
$0.0167 2002-04-18 2002-05-06 2002-05-08 2002-05-22 Unknown Regular Quarter
$0.0167 2002-01-31 2002-02-06 2002-02-08 2002-02-22 Unknown Regular Quarter
$0.0167 2001-10-11 2001-11-06 2001-11-08 2001-11-22 Unknown Regular Quarter
$0.0167 2001-07-19 2001-08-06 2001-08-08 2001-08-22 Unknown Regular Quarter
$0.0167 2001-04-12 2001-05-04 2001-05-08 2001-05-22 Unknown Regular Quarter
$0.0167 2001-02-01 2001-02-06 2001-02-08 2001-02-22 Unknown Regular Quarter
$0.0167 2000-10-30 2000-11-03 2000-11-07 2000-11-22 Unknown Regular Quarter
$0.0167 2000-07-27 2000-08-04 2000-08-08 2000-08-23 Unknown Regular Quarter
$0.0167 2000-04-27 2000-05-04 2000-05-08 2000-05-23 Unknown Regular Quarter
$0.0167 2000-01-27 2000-02-02 2000-02-04 2000-02-18 Unknown Regular Quarter
$0.0167 1999-10-07 1999-11-02 1999-11-04 1999-11-19 Unknown Regular Quarter
$0.0167 1999-07-26 1999-08-02 1999-08-04 1999-08-19 Unknown Regular Quarter
$0.0167 1999-04-09 1999-05-03 1999-05-05 1999-05-20 Unknown Regular Quarter
$0.0167 1999-01-25 1999-02-02 1999-02-04 1999-02-19 Unknown Regular Quarter
$0.0167 1998-10-15 1998-11-04 1998-11-06 1998-11-21 Unknown Regular Quarter
$0.0167 1998-07-21 1998-08-04 1998-08-06 1998-08-21 Unknown Regular Quarter
$0.0167 1998-04-07 1998-05-04 1998-05-06 1998-05-21 Unknown Regular Quarter
$0.0167 1998-01-09 1998-02-03 1998-02-05 1998-02-20 Unknown Regular Quarter
$0.0167 1997-10-20 1997-11-04 1997-11-06 1997-11-21 Unknown Regular Quarter
$0.0167 1997-07-21 1997-08-04 1997-08-06 1997-08-21 Unknown Regular Quarter
$0.0167 1997-05-06 1997-05-08 1997-05-06 1997-05-21 Unknown Regular Quarter
$0.0167 1997-01-06 1997-02-04 1997-02-06 1997-02-21 Unknown Regular Quarter
$0.0167 1996-10-10 1996-11-05 1996-11-07 1996-11-22 Unknown Regular Quarter
$0.0167 1996-07-12 1996-08-06 1996-08-08 1996-08-23 Unknown Regular Quarter
$0.0167 1996-04-01 1996-05-07 1996-05-09 1996-05-24 Unknown Regular Quarter
$0.0167 1996-01-17 1996-02-06 1996-02-08 1996-02-23 Unknown Regular Quarter
$0.0167 1995-10-05 1995-11-07 1995-11-09 1995-11-24 Unknown Regular Quarter
$0.0167 1995-07-10 1995-08-08 1995-08-10 1995-08-25 Unknown Regular Quarter
$0.0167 1995-04-10 1995-05-04 1995-05-10 1995-05-25 Unknown Regular Quarter
$0.0167 1995-01-13 1995-02-03 1995-02-09 1995-02-24 Unknown Regular Quarter
$0.0167 1994-10-25 1994-11-04 1994-11-10 1994-11-25 Unknown Regular Quarter
$0.0167 1994-07-13 1994-08-04 1994-08-10 1994-08-25 Unknown Regular Quarter
$0.0167 1994-04-27 1994-05-04 1994-05-10 1994-05-25 Unknown Regular Quarter
$0.0167 1994-01-12 1994-02-04 1994-02-10 1994-02-25 Unknown Regular Quarter

Knowledge Centers

Company Profile

SCHN Company Profile

Exchange: NASDAQ
Sector: Basic Materials
Industry: Steel & Iron

Schnitzer Steel- (SCHN)-engages in recycling ferrous and nonferrous metals, and used and salvaged vehicles; and manufacturing finished steel products in the United States and Canada. It operates in three segments, Metals Recycling Business (MRB), Auto Parts Business (APB), and Steel Manufacturing Business (SMB). As of August 31, 2007, it operated 52 auto parts stores located in the United States and Canada. The SMB segment engages in the purchase of recycled metal and processing of the recycled metal and other raw materials into finished steel products. Its product portfolio comprises rebar, coiled rebar, wire rod, merchant bar, and other specialty products. This segment serves steel service centers, construction industry subcontractors, steel fabricators, wire drawers, and farm and wood product suppliers. The company was founded in 1946 and is headquartered in Portland, Oregon.

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News

Schnitzer Steel News

  • Before Monday’s opening bell, a number of big-name dividend stocks were the subject of analyst upgrades and downgrades. Below, we highlight the moves investors need to know.

  • Because timing is key with dividend investing, ex-dividend dates are essential information for investors. For a deeper analysis, take a look at Everything Investors Need to Know About Ex-Dividend Dates.

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    Outlook

    The company will offer details on...

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  • Schnitzer Steel Q3 Profit Plummets; Adjusted EPS and Revenues Miss Estimates (SCHN)

    Metal recycling company Schnitzer Steel Industries, Inc. (SCHN) reported before the open on Thursday that its third quarter profits fell dramatically, mostly due to a number of industry headwinds and subsequently, lower revenues. Both adjusted earnings and revenues missed Wall Street estimates. The Portland, Oregon-based company posted a third quarter profit of $820 thousand, or 3 cents per share, down from $11.24 million, or 40 cents per share, earned in the same period last year. The company noted that the third quarter results were negatively impacted by the average inventory account, which significantly reduced operating income in its Metals Recycling Business. Furthermore, the operating income in its Metals Recycling Business was dragged down by a drop in ferrous selling prices, which fell more quickly than purchasing prices. These negatives offset some benefits from the company's increased volumes. Schnitzer said its adjusted net income for the quarter was $2 million, or 9 cents per share. On average, analysts polled by Thomson Reuters were expecting the company to post an adjusted net income of 12 cents per share in the third quarter. The company's revenues for the quarter fell to $710.30 from $879.87 million. Analysts were expecting revenues of $737.76 from Schnitzer. "During the third quarter we achieved higher sales volumes in each of our businesses despite weaker market conditions. Operating income in our Metals Recycling Business was negatively impacted by the significant drop in ferrous selling prices which fell more quickly than purchase prices and offset some of the benefits from the increased volumes. Our major capital projects for fiscal 2013 in Canada and Puerto Rico continue to progress on schedule. In our Auto Parts Business, seasonal trends contributed to improved sequential results for stores owned more than one year and the integration of our 11 new sites added this fiscal year are on track. In our Steel Manufacturing Business, higher sales volumes reflected, in part, a market environment that is improving," said Tamara Lundgren, CEO of the company. "We generated positive operating cash flow this quarter which enabled us to continue our growth investments and capital allocation priorities while maintaining a healthy balance sheet." Schnitzer Steel Industries shares were inactive during pre-market trading on Thursday. The stock is down 19.42% year-to-date. The Bottom Line Shares of Schnitzer Steel Industries (SCHN) have a dividend yield of 3.07% based on last night's closing price of $24.44 and the company's annualized dividend payout of 75 cents per share. Schnitzer Steel Industries, Inc. (SCHN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • Schnitzer Steel Q2 Profit and Revenue Slide; Adjusted Net Tops Estimates (SCHN)

    Metal recycling company Schnitzer Steel Industries, Inc. (SCHN) reported before the bell on Wednesday that it saw a drop in profit and revenue in the second quarter. However, adjusted net income was able to top estimates, while revenue missed. The Portland, Oregon-based company saw its second quarter profit drop to $8.64 million, or 32 cents per share, from $9.63 million, or 35 cents per share, in the same quarter a year ago. On an adjusted basis, which excludes a one-time, pre-tax restructuring charge, Schnitzer reported earnings of 36 cents per share in the quarter. According to analysts, this topped the consensus view that the company would earn 24 cents per share in the quarter. The company's quarterly revenue was $662.21 million, down 25% from $886.61 million last year. Analysts were expecting revenue of $683.44 million. Schnitzer said it was able to top its second quarter outlook issued in February due to better than expected performance in its Metals Recycling and Auto Parts Businesses. Schnitzer shares were up 34 cents, or +1.36%, during Wednesday morning trading. The stock is down -14.64% year-to-date. The Bottom Line Shares of Schnitzer Steel (SCHN) have a dividend yield of 2.91% based on Wednesday's intraday trading price of $25.81 and the company's annualized dividend payout of 75 cents per share. Schnitzer Steel Industries, Inc. (SCHN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • Schnitzer Steel Q2 Earnings Outlook Below Analysts Estimates (SCHN)

    Metal recycling company, Schnitzer Steel Industries, Inc.(SCHN) came out with their next quarter outlook, which is below analysts estimates. The Portland, OR based company reported that it is estimating second quarter earnings to be in the range of 20 cents to 26 cents per share before restructuring charges. This estimate would fall below analysts estimate of 27 cents per share. The company reported in August that it is taking on a charge of $2 million, or 4 cents per share charge for the restructuring process. SCHN said that in its Metals Recycling Business, it expects to see a 100% growth in earnings from last year. For the Auto Parts Business, revenue is expected to increase 10% as a result of higher commodity prices and an increase in car sales. Operating margin is expected to be 10% for the quarter. The Steel Manufacturing Business saw average sales during the first quarter and are now expecting to see a -25% drop in sales volume in the second quarter. Schnitzer Steel shares were mostly flat during premarket trading Thursday. The stock has declined -37% in the past year. The Bottom Line Shares of Schnitzer Steel Industries, Inc.(SCHN) have a 2.53% yield, based on Wednesday's closing price of $29.66. Schnitzer Steel Industries, Inc.(SCHN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • Schnitzer Steel Downgraded To Hold At Jefferies; Cites "Material Pull Back" In Steel Stocks (SCHN)

    Analysts at Jefferies downgraded Schnitzer Steel (SCHN) from Buy to Hold on Tuesday, issuing some bearish commentary on the steel industry. "With U.S. steel prices poised for a (likely material) pull back and following recent expansion in valuations, we recommend investors reduce exposure to steel equities and have downgraded 4 stocks (STLD, WOR, RS, and SCHN) where we see risk-reward balanced near term," commented the Jefferies analyst. Jefferies is maintaining Buy ratings on what it called "the most defensive and undervalues stocks" within the group, including Olympic Steel (ZEUS) and Nucor (NUE). Jefferies also lowered its price target for SCHN from $34 to $31. Shares of Schnitzer closed Monday at $30.14, suggesting limited upside from current valuations. The Bottom Line Shares of Schnitzer Steel (SCHN) have a 2.49% dividend yield, based on last night's closing stock price of $30.14. The stock has technical support in the $25 price area. If the shares can firm up, we see overhead resistance around the $32-$35 price levels. Schnitzer Steel (SCHN) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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