Empire Resources Inc(NASDAQ:ERS) Declares Dividend of $0.0400.

Empire Resources Inc (NASDAQ:ERS) had declared a cash dividend of $0.0400 on Jun 29, 2016. The shares will quote ex-dividend on Jul 12, 2016 and the record date has been fixed for Jul 14, 2016. On Jun 29, 2016 share price, the yield comes out to be 4.4568%. The dividend payable date has been fixed on Jul 22, 2016.

Empire Resources Inc (ERS) made into the market gainers list on Fridays trading session with the shares advancing 7.52% or 0.27 points. Due to strong positive momentum, the stock ended at $3.86, which is also near the day’s high of $3.86. The stock began the session at $3.62 and the volume stood at 7,761 shares. The 52-week high of the shares is $4.65 and the 52 week low is $2.35. The company has a current market capitalization of $33 M and it has 84,91,819 shares in outstanding.

Empire Resources Inc(ERS) last announced its earnings results on May 16, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $122.13M. Analysts had an estimated revenue of $649.06M. Earnings per share were $0.06.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Nathan Kahn (CEO) purchased 120,000 shares at $3.65 per share price.Also, On May 25, 2016, Sandra Kahn (CFO) purchased 120,000 shares at $3.65 per share price.On May 25, 2016, Harvey Wrubel (director) sold 120,000 shares at $3.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Empire Resources Inc. is engaged in the purchase sale and distribution of semi-finished aluminum and steel products. The Company’s subsidiaries include Empire Resources Pacific Ltd. 6900 Quad Avenue LLC and Imbali Metals BVBA. The Company sells its products through its own marketing and sales personnel as well as through commission based independent sales agents. The Company’s suppliers are PT. Alumindo Light Metal Industry and Hulamin Ltd. Semi-finished products include aluminum sheet coil plate and foil rod bar and wire extruded and cast products. The Company’s customers include industries such as distribution transportation automobile housing appliances and packaging.

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