United States Steel Corporation Declares Dividend

Rhea-AI Summary

United States Steel Corporation (NYSE: X) has declared a $0.01 per share dividend, payable on June 9, 2021 to stockholders of record by May 10, 2021. Founded in 1901, the company is a major steel producer with an annual raw steelmaking capability of 26.2 million net tons. U. S. Steel employs a customer-centric strategy, focusing on innovation and sustainability, serving a diverse array of industries, including automotive and construction. Additionally, it operates the subsidiary Big River Steel, reinforcing its commitment to advanced steel production.

Positive

• Dividend of $0.01 per share announced, reflecting company confidence.
• Annual raw steelmaking capability of 26.2 million net tons.
• Focus on innovation and sustainability in steel production.

Negative

• None.

United States Steel Corporation (NYSE: X) (“U. S. Steel”) announced today that its Board of Directors declared a dividend of $0.01 per share of U. S. Steel Common Stock. The dividend is payable on Wednesday, June 9, 2021 to stockholders of record at the close of business on Monday, May 10, 2021.

Founded in 1901, the United States Steel Corporation is a Fortune 250 company and a leading steel producer. Together with its subsidiary Big River Steel and an unwavering focus on safety, the company’s customer-centric Best of Both^SM world-competitive integrated and mini mill technology strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3™ advanced high-strength steel. The company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 26.2 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210429006092/en/

FAQ

What is the dividend amount declared by United States Steel Corporation?

United States Steel Corporation has declared a dividend of $0.01 per share.

When is the dividend payable for United States Steel Corporation?

The dividend is payable on June 9, 2021.

What is the record date for the dividend of United States Steel Corporation?

The record date for the dividend is May 10, 2021.

How does United States Steel Corporation's production capacity impact shareholders?

With an annual raw steelmaking capability of 26.2 million net tons, it provides confidence in sustained operations and potential profitability.