Steel Dynamics's last quarterly dividend of $0.34 per share was on Dec 29, 2022 (ex-date). The annualized dividend payment of $1.36 per share represents a current dividend yield of 1.14%.
Steel Dynamics's dividend yield of 1.14% is below the Basic Materials sector, the industry and its peers average. If we compare it with its Basic Materials sector average of 1.8%, Steel Dynamics's dividend yield is 37% lower. The current dividend yield is less than the historical average of 2.3% of the last 5 years.
Steel Dynamics has a history of paying dividends since 2004. Our records of STLD show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 31% for the last twelve months. But with the stock price up by 117% from a year ago, the dividend yield has decreased by 40%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Dec 29, 2022 | Jan 13, 2023 | Nov 10, 2022 | $0.34 | normal |
| Sep 29, 2022 | Oct 14, 2022 | Aug 22, 2022 | $0.34 | normal |
| Jun 29, 2022 | Jul 15, 2022 | May 6, 2022 | $0.34 | normal |
| Mar 30, 2022 | Apr 15, 2022 | Feb 28, 2022 | $0.34 | normal |
| Dec 30, 2021 | Jan 14, 2022 | Nov 19, 2021 | $0.26 | normal |
| Sep 29, 2021 | Oct 15, 2021 | Aug 20, 2021 | $0.26 | normal |
| Jun 29, 2021 | Jul 16, 2021 | May 20, 2021 | $0.26 | normal |
| Mar 30, 2021 | Apr 16, 2021 | Feb 26, 2021 | $0.26 | normal |
| Dec 30, 2020 | Jan 15, 2021 | Nov 19, 2020 | $0.25 | normal |
| Sep 29, 2020 | Oct 16, 2020 | Aug 21, 2020 | $0.25 | normal |
| Jun 29, 2020 | Jul 10, 2020 | May 22, 2020 | $0.25 | normal |
| Mar 30, 2020 | Apr 10, 2020 | Feb 26, 2020 | $0.25 | normal |
| Dec 30, 2019 | Jan 10, 2020 | Nov 22, 2019 | $0.24 | normal |
| Sep 27, 2019 | Oct 11, 2019 | Aug 26, 2019 | $0.24 | normal |
| Jun 27, 2019 | Jul 12, 2019 | May 17, 2019 | $0.24 | normal |
| Mar 28, 2019 | Apr 12, 2019 | Feb 14, 2019 | $0.24 | normal |
| Dec 28, 2018 | Jan 11, 2019 | Nov 19, 2018 | $0.188 | normal |
| Sep 27, 2018 | Oct 12, 2018 | Aug 20, 2018 | $0.188 | normal |
| Jun 28, 2018 | Jul 13, 2018 | Jun 12, 2018 | $0.188 | normal |
| Mar 28, 2018 | Apr 13, 2018 | Feb 20, 2018 | $0.188 | normal |
| Dec 28, 2017 | Jan 10, 2018 | Nov 21, 2017 | $0.155 | normal |
| Sep 28, 2017 | Oct 12, 2017 | Sep 1, 2017 | $0.155 | normal |
| Jun 28, 2017 | Jul 7, 2017 | Jun 1, 2017 | $0.155 | normal |
| Mar 29, 2017 | Apr 10, 2017 | Mar 1, 2017 | $0.155 | normal |
| Dec 28, 2016 | Jan 13, 2017 | Jan 12, 2016 | $0.14 | normal |
| Sep 28, 2016 | Oct 14, 2016 | Sep 19, 2016 | $0.14 | normal |
| Jun 28, 2016 | Jul 14, 2016 | Jun 1, 2016 | $0.14 | normal |
| Mar 29, 2016 | Apr 8, 2016 | Mar 1, 2016 | $0.14 | normal |
| Dec 29, 2015 | Jan 11, 2016 | Dec 1, 2015 | $0.138 | normal |
Steel Dynamics's payout ratio of 6% is below the Basic Materials sector, the industry and its peers average. Compared to its Basic Materials sector average of 27.3%, Steel Dynamics's payout ratio is 78% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SCHN Schnitzer Steel Industries Inc | 2.19% | $0.75 | 20.2% |
| WOR Worthington Industries Inc | 2.12% | $1.18 | 26.6% |
| CRS Carpenter Technology Corp | 1.63% | $0.8 | N/A |
| NUE Nucor Corp | 1.2% | $2.01 | 6.3% |
| STLD Steel Dynamics Inc | 1.14% | $1.36 | 6% |
| CMC COMMERCIAL METALS Co | 1.09% | $0.6 | 5.8% |
| X United States Steel Corp | 0.69% | $0.2 | 1.5% |
Yes, Steel Dynamics has been paying dividends for the last 18 years.
At this point we don't have a record of STLD's next dividend date, but based on the current dividend schedule we project that it will likely be in March 2023.
Steel Dynamics's last dividend ex-date was on Dec 29, 2022. The dividend amount was $0.34 per share.
STLD's annualized dividend per share is $1.36.
The current dividend yield of Steel Dynamics is 1.14%.
Steel Dynamics pays four dividends per year.
Steel Dynamics's dividend payout ratio is 6%.
Steel Dynamics's dividend yield is less than the Basic Materials sector average.