Steel Dynamics Approves Additional $1.50 Billion Stock Buyback Plan, Lifts Quarterly Dividend

MT Newswires Live

02-24

Steel Dynamics-3.25%

Steel Dynamics (STLD) said Monday the board has approved an additional $1.50 billion stock buyback plan.

The plan is in addition to a $1.50 billion repurchase program approved in November 2023 that had $194 million outstanding as of Dec. 31, 2024, the company said.

Steel Dynamics also said it has raised its quarterly dividend to $0.50 per share, payable April 11 to shareholders of record as of March 31.

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