Steel Dynamics Announces Third Quarter 2024 Cash Dividend

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Rhea-AI Summary

Steel Dynamics (NASDAQ/GS: STLD) has announced its third quarter 2024 cash dividend of $0.46 per common share. The dividend will be payable on or about October 11, 2024, to shareholders of record at the close of business on September 30, 2024. This announcement demonstrates Steel Dynamics' commitment to returning value to its shareholders through regular dividend payments. The consistent dividend payout may be seen as a positive indicator of the company's financial stability and confidence in its future performance.

Positive

Consistent dividend payout indicates financial stability
Dividend of $0.46 per common share maintains shareholder returns

Negative

None.

News Market Reaction

-1.14%

1 alert

-1.14% News Effect

On the day this news was published, STLD declined 1.14%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

08/16/2024 - 02:30 PM

FORT WAYNE, Ind., Aug. 16, 2024 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a third quarter cash dividend of $0.46 per common share. The dividend is payable to shareholders of record at the close of business on September 30, 2024 and is payable on or about October 11, 2024.

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/steel-dynamics-announces-third-quarter-2024-cash-dividend-302224477.html

SOURCE Steel Dynamics, Inc.

FAQ

What is Steel Dynamics' dividend amount for Q3 2024?

Steel Dynamics (STLD) declared a third quarter 2024 cash dividend of $0.46 per common share.

When is the ex-dividend date for Steel Dynamics' Q3 2024 dividend?

The press release doesn't specify the ex-dividend date. Shareholders of record at the close of business on September 30, 2024, will receive the dividend.