Steel Dynamics increases dividend by 9% and authorizes $1.5 billion share repurchase program

From Nasdaq: 2025-02-24 08:35:58

Steel Dynamics (STLD) has announced a 9% increase in their first quarter cash dividend to $0.50 per common share for 2025. Shareholders of record on March 31 will receive the dividend around April 11. Additionally, the company’s board authorized a new $1.5 billion share repurchase program, adding to the existing program from November 2023 with $194 million remaining as of December 31, 2024. This move aims to enhance shareholder value and demonstrates confidence in the company’s financial strength.



Read more at Nasdaq: Steel Dynamics Declares Increased Dividend; Authorizes Additional Share Repurchase Program