Steel Dynamics, Inc. (NASDAQ:STLD) will begin trading ex-dividend on September 29, 2020. The quarterly dividend payment of $ 0.25 per share is scheduled to be paid on October 16, 2020. The dividend yield based on the latest trading day closing price was 3.47 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Steel Dynamics, Inc. recently reported second quarter financial results on July 20, 2020, after market close, manufacturer of steel products unfold income for the second quarter of $ 0.47 per share, from the revenue of $ 2,094.00 million. The quarterly earnings reduced 45.98 percent while revenues lowered 24.42 percent compared with the same quarter last year.
Wall street analysts are predicting, STLD to report 2Q20 income of $ 0.32 per share from revenue of $ 2056.93 million. The bottom line results beat street analysts by $ 0.15 or 46.88 percent, at the same time, top line results outshined analysts by $ 37.07 million or 1.80 percent.
Stock Performance
Shares of Steel Dynamics, Inc. traded low $ -0.01 or -0.03 percent on Friday, reaching $ 28.86 with volume of 1.51 million shares. Steel Dynamics, Inc. has traded high as $ 29.01 and has cracked $ 28.39 on the downward trend
According to the previous trading day, closing price of $ 28.86, representing a 92.72 % increase from the 52 week low of $ 14.98 and a 19.31 % decrease over the 52 week high of $ 35.78.
The company has a market capital of $ 6.07 billion and is part of the Basic Materials sector and Steel industry.
Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.
