Steel Dynamics Announces Fourth Quarter 2024 Cash Dividend

Rhea-AI Summary

Steel Dynamics (NASDAQ: STLD) has declared a quarterly cash dividend of $0.46 per common share for the fourth quarter of 2024. The dividend will be paid to shareholders of record as of December 31, 2024, with the payment scheduled for January 10, 2025.

Positive

• Maintaining consistent dividend payments, demonstrating financial stability

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement of $0.46 per share maintains Steel Dynamics' consistent shareholder return policy. This dividend represents an annual yield of approximately 1.4% based on current share prices, which is in line with industry standards. The company's ability to maintain its dividend reflects stable operational performance and strong cash flow generation in the steel sector.

The timing aligns with typical quarterly distribution patterns and the maintenance of the dividend level signals management's confidence in near-term business stability despite cyclical market conditions in the steel industry. This continuation of regular shareholder returns demonstrates STLD's commitment to capital return while maintaining financial flexibility for operational needs.

FORT WAYNE, Ind., Nov. 8, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a fourth quarter cash dividend of $0.46 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2024 and is payable on or about January 10, 2025. 

About Steel Dynamics, Inc. 
Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, 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. 

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SOURCE Steel Dynamics, Inc.

FAQ

What is Steel Dynamics' (STLD) Q4 2024 dividend amount?

Steel Dynamics declared a Q4 2024 dividend of $0.46 per common share.

When is the record date for Steel Dynamics' (STLD) Q4 2024 dividend?

The record date for Steel Dynamics' Q4 2024 dividend is December 31, 2024.

When will Steel Dynamics (STLD) pay its Q4 2024 dividend?

Steel Dynamics will pay its Q4 2024 dividend on or about January 10, 2025.