Intel stock spikes after report of possible US government stake
FORT WAYNE, Ind. - Steel Dynamics, Inc. (NASDAQ:STLD) announced Thursday that its board of directors has declared a cash dividend of $0.50 per common share for the third quarter of 2025.
The dividend will be payable to shareholders of record as of September 30, 2025, with payment expected around October 10, 2025, according to a company press release.
Steel Dynamics operates as an industrial metals solutions company with facilities throughout the United States and Mexico. With a market capitalization of $18.69 billion and annual revenue of $17.15 billion, the company utilizes a circular manufacturing model that primarily uses recycled scrap as input to produce lower-carbon-emission steel products. According to InvestingPro analysis, the company maintains strong financial health with a comfortable current ratio of 3.13, indicating robust liquidity.
The company ranks among North America’s largest domestic steel producers and metal recyclers, with additional operations in downstream steel fabrication. Trading near its Fair Value according to InvestingPro analysis, Steel Dynamics is also expanding into aluminum operations to diversify its product portfolio, with plans to supply aluminum flat rolled products with high recycled content to the beverage can industry as well as automotive and industrial sectors. The company’s P/E ratio of 18.44 reflects market confidence in its growth strategy.
In other recent news, Steel Dynamics reported its financial results for the second quarter of 2025, which did not meet analysts’ expectations. The company announced earnings per share of $2.01, falling short of the projected $2.26. Additionally, revenue was reported at $4.6 billion, below the anticipated $4.73 billion. These results have drawn significant attention from investors and analysts alike. In another development, Wells Fargo initiated coverage of Steel Dynamics with an Overweight rating and set a price target of $143.00. The investment bank highlighted the conclusion of a multi-year $5 billion investment cycle as a critical factor in its optimistic outlook. These recent developments provide a mixed view of Steel Dynamics, with financial performance lagging but future prospects being positively assessed by some analysts.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.