Steel Dynamics, Inc. (NASDAQ/GS: STLD) has just announced a third quarter cash dividend of $0.46 per common share. This dividend will be payable to shareholders of record at the close of business on September 30, 2024, and is expected to be paid on or about October 11, 2024.
Steel Dynamics is a major domestic steel producer and metals recycler in North America. It has facilities in the United States and Mexico and is estimated to have significant annual steelmaking and metals recycling capability. The company's product range includes 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. Additionally, Steel Dynamics produces liquid pig iron and processes and sells ferrous and nonferrous scrap.
This announcement comes at a time when Steel Dynamics continues to be a significant player in the steel industry, maintaining its position as one of the largest domestic steel producers in North America. Following these announcements, the company's shares moved -0.6%, and are now trading at a price of $115.98. If you want to know more, read the company's complete 8-K report here.
