Steel Dynamics, Inc. (STLD) To Go Ex-Dividend on December 31st

Steel Dynamics, Inc. (NASDAQ:STLD) announced a quarterly dividend on Friday, November 7th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.50 per share by the basic materials company on Friday, January 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

Steel Dynamics has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Steel Dynamics has a dividend payout ratio of 16.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Steel Dynamics to earn $12.10 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 16.5%.

Steel Dynamics Trading Down 0.9%

Shares of Steel Dynamics stock opened at $173.93 on Monday. The company’s fifty day moving average price is $162.36 and its two-hundred day moving average price is $143.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.11 and a quick ratio of 1.47. The firm has a market capitalization of $25.40 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 1.19 and a beta of 1.46. Steel Dynamics has a 52-week low of $103.17 and a 52-week high of $178.36.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, October 21st. The basic materials company reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.11. Steel Dynamics had a return on equity of 12.89% and a net margin of 6.39%.The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.74 billion. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts expect that Steel Dynamics will post 9.01 EPS 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.