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Steel Dynamics (STLD) Dividend Yield, Date & History

Steel Dynamics logo
$115.69 +0.40 (+0.35%)
(As of 12/20/2024 05:31 PM ET)

Steel Dynamics Dividend Summary

Dividend Yield
1.59%
Annual Dividend
$1.84
Next
Dividend Payment
Jan. 10
Dividend Increase
Track Record
12 Years
Annualized 3-Year
Dividend Growth
19.35%
Dividend Payout Ratio
16.65%

Steel Dynamics (STLD) pays an annual dividend of $1.84 per share, with a dividend yield of 1.59%. The next quarterly payment of $0.46 per share is scheduled for Friday, January 10, to investors who own the stock before the ex-dividend date of Tuesday, December 31. STLD has grown its dividend for 12 consecutive years, with an average annual increase of 6.07%. The company currently pays out 16.65% of its earnings and 10.70% of its cash flow as dividends.

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STLD Dividend Payments by Quarter

The chart below displays up to four years of Steel Dynamics' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

STLD Dividend Yield Over Time

The chart below tracks Steel Dynamics' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Steel Dynamics vs. The Competition

Compare Steel Dynamics' annual dividend, yield, and 3-year growth rate with averages for Materials and NASDAQ companies to evaluate its performance against the market.

TypeSteel DynamicsMaterials CompaniesNASDAQ Companies
Annual Dividend$1.84$0.17$1.31
Dividend Yield1.59%5.21%4.21%
Annualized 3-Year Dividend Growth19.35%21.64%14.22%
Track Record12 years26 years19 years

Steel Dynamics Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings16.65%
Based on This Year's Estimate18.24%
Based on Next Year's Estimate17.99%
Based on Cashflow10.70%

Steel Dynamics Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/8/2024quarterly$0.46 - 1.23%12/31/202412/31/20241/10/2025
8/16/2024quarterly$0.46 - 1.58%9/30/20249/30/202410/11/2024
5/10/2024quarterly$0.46 - 1.36%6/28/20246/30/20247/12/2024
2/26/2024quarterly$0.46+$0.0350
8.24%
1.45%3/27/20243/31/20244/14/2024
11/3/2023quarterly$0.4250 - 1.52%12/28/202312/31/20231/16/2024
8/18/2023quarterly$0.4250 - 1.62%9/28/20239/30/202310/16/2023
5/15/2023quarterly$0.4250 - 1.73%6/29/20236/30/20237/14/2023
2/27/2023quarterly$0.4250+$0.0850
25.00%
1.43%3/30/20233/31/20234/14/2023

This table shows Steel Dynamics' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Steel Dynamics Dividend - Frequently Asked Questions

The current dividend yield for Steel Dynamics is 1.59%. Learn more on STLD's dividend yield history.

The annual dividend for STLD shares is $1.84. Learn more on STLD's annual dividend history.

Steel Dynamics pays quarterly dividends to shareholders.

Steel Dynamics's next quarterly dividend payment of $0.46 per share will be made to shareholders on Friday, January 10, 2025.

Steel Dynamics's most recent quarterly dividend payment of $0.46 per share was made to shareholders on Friday, October 11, 2024.

Steel Dynamics's next ex-dividend date is Tuesday, December 31, 2024.

Steel Dynamics's most recent ex-dividend date was Monday, September 30, 2024.

Over the past three years, the company's dividend has grown by an average of 19.35% per year.

Steel Dynamics has increased its dividend for the past 12 consecutive years.

The most recent change in the company's dividend was an increase of $0.0350 on Monday, February 26, 2024.

The dividend payout ratio for STLD is:
  • 16.65% based on the trailing year of earnings
  • 18.24% based on this year's estimates
  • 17.99% based on next year's estimates
  • 10.70% based on cash flow

Steel Dynamics' dividend yield of 1.51% is lower than the average Basic Materials company that issues a dividend. The company's 12 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Steel Dynamics' dividend payout ratio of 16.65% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Steel Dynamics stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NASDAQ:STLD) was last updated on 12/21/2024 by MarketBeat.com Staff
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