Form 8-K · Current Report · Filed 2024-02-27
Steel Dynamics Announces 8% First Quarter 2024 Cash Dividend Increase
Steel Dynamics, Inc. announced on February 26, 2024, that its board of directors declared a first quarter cash dividend of $0.46 per common share, representing an 8% increase from the 2023 quarterly rate. The dividend is payable to shareholders of record by March 31, 2024, with payment on or about April 14, 2024. The increase reflects the company's confidence in its cash flow and financial position.
- Filer
- Steel Dynamics Inc. STLD · NASDAQ
- Filed
- Accession
- 0001104659-24-027955
- CIK
- 0001022671
- Signal
- High impactBasic Materials
- Source
- Official filing on sec.gov ↗
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Financial Statements and Exhibits
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$131.07
Next session
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Since filing
+91.7%
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Previous filings from STLD reporting the same item, with the next session's move:
Exhibits (1)
About Steel Dynamics Inc.
Steel Dynamics Inc. is a leading American steel producer that plays a crucial role in the manufacturing and construction industries. Known for its vertically integrated business model, the company operates through a network of steel mills, production facilities, and supply chains that enhance efficiency and cost-effectiveness. Steel Dynamics Inc. specializes in flat-rolled steel products, long products, and various other related metals catering to industries such as automotive, construction, and industrial manufacturing. Founded in 1993 and headquartered in Fort Wayne, Indiana, Steel Dynamics has established itself as a significant player in the steel production sector through innovation and sustainability efforts, such as recycling and minimizing waste. The company significantly impacts the construction and infrastructure industries by providing essential materials for roads, bridges, and buildings. Its role extends to impacting global trade and market dynamics, particularly within the North American steel industry. Steel Dynamics Inc. continues to evolve its technological capabilities and product offerings, solidifying its importance in the global steel market as a reliable source of high-quality steel products.
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