Reliance Steel increases quarterly dividend 20% to 30c per share A quarterly cash dividend of 30c per share was declared on February 19, 2013 for shareholders of record as of March 1, 2013. This represents a 20% increase.
Reliance Steel downgraded at KeyBanc As previously reported, KeyBanc downgraded Reliance Steel to Sector Weight from Overweight. The firm downgraded shares to reflected continued weakness in domestic steel prices. KeyBanc still expects a pricing inflection in Q2 but from a lower base and a more subdued rebound.