Steel Dynamics, Inc. (STLD) to Issue Quarterly Dividend of $0.53 on April 10th

Steel Dynamics, Inc. (NASDAQ:STLD) announced a quarterly dividend on Friday, February 20th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.53 per share by the basic materials company on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, March 31st. This is a 6.0% increase from Steel Dynamics’s previous quarterly dividend of $0.50.

Steel Dynamics has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 13 years. Steel Dynamics has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Steel Dynamics to earn $12.10 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 17.5%.

Steel Dynamics Stock Down 2.0%

Shares of STLD opened at $170.97 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48. The firm has a market cap of $24.77 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 0.47 and a beta of 1.43. The company’s 50-day moving average price is $184.61 and its 200 day moving average price is $166.75. Steel Dynamics has a 12-month low of $103.17 and a 12-month high of $208.47.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Tuesday, January 27th. The basic materials company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.10. Steel Dynamics had a net margin of 6.52% and a return on equity of 13.56%. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.62 billion. During the same period last year, the business earned $1.36 earnings per share. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. On average, sell-side analysts forecast that Steel Dynamics will post 9.01 earnings per share for the current year.

Steel Dynamics Company Profile

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.