Steel Dynamics, Inc. (STLD) To Go Ex-Dividend on June 30th

Steel Dynamics, Inc. (NASDAQ:STLD) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.53 per share by the basic materials company on Friday, July 10th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

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 annually for the last 13 consecutive years. Steel Dynamics has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Steel Dynamics to earn $16.89 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 12.6%.

Steel Dynamics Stock Up 0.9%

STLD opened at $235.10 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.13 and a quick ratio of 1.33. Steel Dynamics has a 12 month low of $119.89 and a 12 month high of $243.73. The stock has a market capitalization of $33.90 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 0.50 and a beta of 1.48. The business has a 50-day moving average of $193.25 and a two-hundred day moving average of $179.18.

Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.01). Steel Dynamics had a return on equity of 15.54% and a net margin of 7.22%.The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The firm’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, research analysts expect that Steel Dynamics will post 14.77 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.