Steel Dynamics Dividend yield

Steel Dynamics is part of Industrial Metals and Mining business, which is part of Basic Materials industry. Steel Dynamics is a company from USA, and his stocks are publicly traded.

Steel Dynamics stock dividend

Steel Dynamics paid a total dividend of 289 million USD last year, for a market value of 18,227 millions (Market Cap 17,088 millions). Steel Dynamics dividend per share is 1.69 USD, and his stock market price 106.59 USD.

According to the chart below, where dividend yield is displayed, Steel Dynamics has a dividend yield of 1.59%, lower than the amount offered by both the market average and companies from USA. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Steel Dynamics stocks dividend with other Industrial Metals and Mining companies or other of the high USA dividend stocks list.

Steel Dynamics Dividend Payout

About the ability of Steel Dynamics to maintain his current dividend of USD 1.69 per share, an amount that accounts for 1.59%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Steel Dynamics payout on ernings is currently 7.45%, which is lower than the market average and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures lead us to believe that there is confidence that Steel Dynamicscan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Steel Dynamics is USD 26.00 per share, which is higher than the dividend per share paid by the company of USD 1.69, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Steel Dynamics, compared againt world market average, USA companies, Basic Materials industry and Industrial Metals and Mining sector companies.

Steel Dynamics Dividend History

Below you will find a table with the historical evolution of Steel Dynamics's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	USD	Paypout	Shares*
Present	1.59%	1.69	7.45%	171
2022	1.39%	1.36	7.38%	176
2021	1.68%	1.04	35.49%	199
2020	2.71%	1.00	30.12%	210
2019	2.82%	0.96	16.08%	216
2018	2.50%	0.75	25.95%	230

*In millions

Steel Dynamics Stock performance

Finally, last moth Steel Dynamics showed a return of 0.00% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 32.00% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Industrial Metals and Mining firms.