Commercial Metals Company(NYSE:CMC) Declares Dividend of $0.1200.

Commercial Metals Company (NYSE:CMC) had declared a cash dividend of $0.1200 on Jun 22, 2016. The shares will quote ex-dividend on Jul 5, 2016 and the record date has been fixed for Jul 7, 2016. On Jun 22, 2016 share price, the yield comes out to be 2.8386%. The dividend payable date has been fixed on Jul 21, 2016.

In a different note, On Jun 2, 2016, Bank of America said it Downgrades its rating on Commercial Metals Company. The shares have been rated ‘Underperform’ by the firm. On Mar 28, 2016, Credit Suisse said it Maintains its rating on Commercial Metals Company. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 28, 2016, CLSA said it Downgrades its rating on Commercial Metals Company. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Sell’ by the firm.

Commercial Metals Company (CMC) shares turned negative on Mondays trading session with the shares closing down -0.23 points or -1.44% at a volume of 27,11,876. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.9. The peak price level was also seen at $15.9 while the days lowest was $15.54. Finally the shares closed at $15.71. The 52-week high of the shares is $18.5 while the 52-week low is $12.44. According to the latest information available, the market cap of the company is $1,799 M.

Commercial Metals Company(CMC) last announced its earnings results on Mar 24, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.02B. Analysts had an estimated revenue of $1.11B. Earnings per share were $0.15. Analysts had estimated an EPS of $0.14.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Adam R Hickey (VICE PRESIDENT & CONTROLLER) sold 5,000 shares at $17.00 per share price.Also, On Apr 25, 2016, Paul K. Kirkpatrick (VP, GENERAL COUNSEL & SECRETAR) sold 2,500 shares at $18.20 per share price.On Apr 21, 2016, Terry P. Hatten (VP & CHIEF HUMAN RESOURCES OFF) sold 5,621 shares at $18.28 per share price, according to the Form-4 filing with the securities and exchange commission.

Commercial Metals Company (CMC) manufactures recycles and markets steel and metal products related materials and services. CMC has a network of steel mills (minimills) steel fabrication and processing facilities warehouses metal recycling facilities. It has five business segments: Americas Recycling Americas Mills Americas Fabrication International Mill and International Marketing and Distribution. The Americas Recycling segment processes scrap metals. The Americas Mills segment includes five steel minimills; two scrap metal shredders and 10 scrap metal processing facilities. The Americas Fabrication segment consists of CMC’s steel fabrication facilities. The International Mill segment comprises CMC’s mill recycling and fabrication operations located in Poland. International Marketing and Distribution segment includes international operations for the sales distribution and processing of steel products ferrous and nonferrous metals and other industrial products.

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