Steel Dynamics, Inc. (STLD) Raises Dividend to $0.19 Per Share
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 1.53%. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.16.
Steel Dynamics (STLD) opened at $48.86 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.29 and a current ratio of 4.04. Steel Dynamics has a 12-month low of $32.15 and a 12-month high of $50.70. The company has a market cap of $11,705.42, a PE ratio of 18.64, a PEG ratio of 1.03 and a beta of 1.34.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 26th. KeyCorp set a $49.00 price target on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Wednesday, January 10th. BidaskClub raised shares of Steel Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Bank of America set a $51.00 price target on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Monday, January 8th. Finally, Cowen set a $60.00 price objective on shares of Steel Dynamics and gave the stock a “buy” rating in a research note on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $46.64.
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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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