Tree Island Steel Ltd. (TSL) To Go Ex-Dividend on March 31st

Tree Island Steel Ltd. (TSE:TSL) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.015 per share on Tuesday, April 15th. This represents a $0.06 annualized dividend and a yield of 2.32%. The ex-dividend date is Monday, March 31st.

Tree Island Steel Price Performance

Shares of TSL stock traded down C$0.01 during mid-day trading on Friday, hitting C$2.59. The company had a trading volume of 2,940 shares, compared to its average volume of 13,131. The company has a market capitalization of C$66.70 million, a P/E ratio of -26.71 and a beta of 0.96. The stock’s 50 day moving average price is C$2.83 and its 200-day moving average price is C$2.87. Tree Island Steel has a 52-week low of C$2.45 and a 52-week high of C$3.38. The company has a debt-to-equity ratio of 21.28, a current ratio of 5.14 and a quick ratio of 1.75.

About Tree Island Steel

Tree Island Steel Ltd. manufactures and sells steel wire and fabricated steel wire products in Canada, the United States, and internationally. It offers low-carbon and high-carbon galvanized steel wires; clean and bright wire for industrial and original equipment manufacturer customers; agricultural products, including fencing, barbed wire, galvanized wire, and bright wire, as well as other fabricated wire products specifically for farming, ranching, and vineyards; welded wire concrete reinforcing mesh and other fabricated wire products for heavy construction industry and infrastructure projects; and nails and stucco reinforcing products for residential and light commercial construction.