Steel Dynamics Announces Fourth Quarter 2020 Cash Dividend

Rhea-AI Summary

Steel Dynamics, Inc. (STLD) announced a quarterly cash dividend of $0.25 per common share. This dividend is set for shareholders on record by December 31, 2020 and will be paid on or about January 15, 2021. As one of the largest steel producers and metals recyclers in the U.S., Steel Dynamics operates various facilities, producing a range of steel products and processing scrap materials.

Positive

• Quarterly cash dividend of $0.25 per share enhances shareholder income.
• Strong positioning as one of the largest domestic steel producers.
• Diverse product range including hot roll, cold roll, and coated sheet steel.

Negative

• None.

FORT WAYNE, Ind., Nov. 19, 2020 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors has declared a quarterly cash dividend of $0.25 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2020 and is payable on or about January 15, 2021.

About Steel Dynamics, Inc.

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

View original content:http://www.prnewswire.com/news-releases/steel-dynamics-announces-fourth-quarter-2020-cash-dividend-301177550.html

SOURCE Steel Dynamics, Inc.

FAQ

What is the dividend amount announced by Steel Dynamics (STLD) for Q4 2020?

Steel Dynamics has declared a quarterly cash dividend of $0.25 per common share.

When is the dividend for Steel Dynamics (STLD) payable?

The dividend is payable on or about January 15, 2021.

Who qualifies for the Steel Dynamics (STLD) dividend?

Shareholders of record at the close of business on December 31, 2020, qualify for the dividend.

What are the main products produced by Steel Dynamics (STLD)?

Steel Dynamics produces hot roll, cold roll, coated sheet steel, structural steel beams, and other steel products.