Steel Dynamics Announces Third Quarter 2022 Cash Dividend

Rhea-AI Summary

Steel Dynamics declared a quarterly cash dividend of $0.34 per share, payable on or about October 14, 2022, to shareholders on record as of September 30, 2022. As one of the largest steel producers and metal recyclers in the U.S., it operates various facilities nationwide and in Mexico, producing a range of steel products including hot and cold rolled steel, structural beams, and specialty sections.

Positive

• Quarterly cash dividend of $0.34 per share, indicating strong cash flow.
• Company's status as a leading steel producer supports shareholder confidence.

Negative

• None.

FORT WAYNE, Ind., Aug. 22, 2022 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors has declared a quarterly cash dividend of $0.34 per common share.  The dividend is payable to shareholders of record at the close of business on September 30, 2022 and is payable on or about October 14, 2022. 

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:https://www.prnewswire.com/news-releases/steel-dynamics-announces-third-quarter-2022-cash-dividend-301609922.html

SOURCE Steel Dynamics, Inc.

FAQ

What is the amount of the dividend declared by STLD?

Steel Dynamics declared a quarterly cash dividend of $0.34 per share.

When is the dividend payment date for STLD?

The dividend is payable on or about October 14, 2022.

What is the record date for the STLD dividend?

The record date for the dividend is September 30, 2022.

How often does STLD pay dividends?

Steel Dynamics typically pays dividends on a quarterly basis.

Is the dividend for STLD sustainable?

The sustainability of the dividend depends on the company's ongoing financial performance.