Steel Dynamics, Inc. (NASDAQ:STLD) declared a quarterly dividend on Tuesday, February 20th, RTT News reports. Stockholders of record on Saturday, March 31st will be paid a dividend of 0.1875 per share by the basic materials company on Friday, April 13th. This represents a $0.75 annualized dividend and a dividend yield of 1.59%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.16.
Steel Dynamics (STLD) traded down $0.17 during trading hours on Wednesday, hitting $47.07. The company had a trading volume of 2,580,000 shares, compared to its average volume of 3,000,000. The company has a quick ratio of 2.29, a current ratio of 4.04 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $11,110.00, a P/E ratio of 17.97, a P/E/G ratio of 0.98 and a beta of 1.27. Steel Dynamics has a 12 month low of $32.15 and a 12 month high of $50.70.
Steel Dynamics (NASDAQ:STLD) last posted its earnings results on Monday, January 22nd. The basic materials company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.17 billion. Steel Dynamics had a return on equity of 21.48% and a net margin of 8.52%. equities research analysts predict that Steel Dynamics will post 4 earnings per share for the current year.
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Steel Dynamics Company Profile
Steel Dynamics, Inc is a steel producing and a metal recycling company. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.
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