Steel Dynamics, Inc. (NASDAQ:STLD) Shareholders to Collect $0.53 Quarterly Dividend

Key Points

• Steel Dynamics declared a quarterly dividend of $0.53 per share, payable October 9 to shareholders of record on September 30. The dividend implies an annualized payout of $2.12 and a 0.9% yield.
• The company has raised its dividend for 13 consecutive years, and its 17.2% payout ratio indicates the dividend is well covered by earnings. Analysts expect a future payout ratio of approximately 10.1%.
• Steel Dynamics recently reported quarterly EPS of $3.69, exceeding the $3.63 consensus estimate, while revenue rose 33.4% year over year to $6.09 billion.

Steel Dynamics, Inc. (NASDAQ:STLD - Get Free Report) announced a quarterly dividend on Friday, August 14th. Investors of record on Wednesday, September 30th will be given a dividend of $0.53 per share by the basic materials company on Friday, October 9th. This represents a $2.12 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, September 30th.

Steel Dynamics has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Steel Dynamics has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Steel Dynamics to earn $20.94 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 10.1%.

Steel Dynamics Price Performance

Steel Dynamics stock opened at $233.66 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.18 and a quick ratio of 1.45. The business has a 50 day simple moving average of $243.94 and a 200-day simple moving average of $230.06. Steel Dynamics has a 12 month low of $136.62 and a 12 month high of $288.74. The stock has a market capitalization of $33.49 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 0.41 and a beta of 1.50.

Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share for the quarter, beating analysts' consensus estimates of $3.63 by $0.06. The firm had revenue of $6.09 billion for the quarter, compared to analyst estimates of $5.56 billion. Steel Dynamics had a net margin of 7.83% and a return on equity of 18.12%. Steel Dynamics's quarterly revenue was up 33.4% on a year-over-year basis. During the same period last year, the firm posted $2.01 EPS. Equities analysts predict that Steel Dynamics will post 18.42 earnings per share for the current year.

Steel Dynamics Company Profile

Steel Dynamics, Inc is a steel producer and metals recycler headquartered in Fort Wayne, Indiana. Founded in 1993, the company operates electric arc furnaces that use recycled steel and other metallic inputs to manufacture a broad range of steel products. Its customers include companies in the construction, automotive, manufacturing, transportation, energy and appliance industries.

Steel Dynamics' steel operations produce flat-rolled steel, structural steel, rail, engineered bar products and other specialty steel products.

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