Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success.
This week’s slot in the Safari portfolio is reserved for the basic materials sector.
That sector includes thirteen industries all related to mining or making commodities. Industries include: agricultural inputs, aluminum; building materials, chemicals, coal, copper, gold, industrial metals, lumber & wood, paper, silver, specialty chemicals, and steel.
Today I’m reviewing a Canada-based supplier of steel and other metal products in North America
The company’s name is Russell Metals Inc. It’s trading ticker symbol is RUSMF.
The company operates in three segments, namely: Metals Service Centers, Energy Products, and Steel Distributors.
The Metals Service segment sells plates and flat-rolled products, tubing, and structural metals.
Energy Products are oil country staple pipes, valves, and fittings.
The Steel Distribution segment serves other steel service centers and large manufacturers
Russell Metals Inc. was founded in 1929 and located in Mississauga, Ontario, Canada.
I use three primary keys to measure dividend equities or funds like Russell Metals Inc:
(1) Price
(2) Dividends
(3) Returns
Besides those three main keys, I’ll use four more to finally unlock an equity or fund in which to invest.
These first three keys test whether the company has made, is making, and will continue to make money.
RUSMF Price
Russell Metals Inc.’s price at Wednesday’s market close was $23.65 per share. The company has positive momentum. Just a year ago its price was $19.73. That’s a gain of $3.92 in the past year. Can RUSMF do as well in the coming year? If it does, its price will increase from $23.65 to $27.57, or 16.6%.
