Steel Dynamics, Inc. (NASDAQ:STLD) announced a quarterly dividend on Tuesday, June 12th, RTT News reports. Stockholders of record on Saturday, June 30th will be paid a dividend of 0.1875 per share by the basic materials company on Friday, July 13th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, June 28th.

Shares of Steel Dynamics traded down $0.63, reaching $49.15, on Wednesday, Marketbeat reports. The stock had a trading volume of 65,662 shares, compared to its average volume of 1,869,103. Steel Dynamics has a 1 year low of $32.20 and a 1 year high of $52.10. The company has a market cap of $11.84 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 0.87 and a beta of 1.33. The company has a current ratio of 4.24, a quick ratio of 2.38 and a debt-to-equity ratio of 0.71.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Wednesday, April 18th. The basic materials company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.05. Steel Dynamics had a net margin of 8.59% and a return on equity of 21.60%. The firm had revenue of $2.60 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same period in the prior year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. sell-side analysts predict that Steel Dynamics will post 4.8 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Steel Dynamics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 16th. BidaskClub raised shares of Steel Dynamics from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. ValuEngine raised shares of Steel Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, May 9th. Citigroup upped their price objective on shares of Steel Dynamics from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Finally, UBS Group started coverage on shares of Steel Dynamics in a research report on Tuesday, April 17th. They issued a “neutral” rating and a $47.00 price objective on the stock. Five research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $50.50.

In other Steel Dynamics news, Director Keith E. Busse sold 3,590 shares of the stock in a transaction that occurred on Monday, June 11th. The shares were sold at an average price of $50.32, for a total transaction of $180,648.80. Following the transaction, the director now directly owns 1,003,020 shares in the company, valued at $50,471,966.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Theresa E. Wagler sold 17,196 shares of the stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $49.78, for a total transaction of $856,016.88. Following the transaction, the insider now owns 331,381 shares in the company, valued at $16,496,146.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,298 shares of company stock worth $1,266,868. 4.40% of the stock is owned by company insiders.

Steel Dynamics Company Profile

Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment provides hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; merchant bar products, including angles, merchant rounds, flats, channels, and reinforcing bars; beams, channels, and specialty steel sections; and threaded rod products, and cold drawn and heat treated bars.

Dividend History for Steel Dynamics (NASDAQ:STLD)

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