U.S. Steel sets dividend at 5 cents per share

PITTSBURGH - United States Steel Corporation (NYSE: X), a major player in the steel industry, has declared a dividend of $0.05 per share on its common stock. This announcement came earlier today, with the dividend set to be distributed on June 11, 2025, to shareholders who are on record by the close of business on May 12, 2025. According to InvestingPro data, U.S. Steel has maintained dividend payments for 35 consecutive years, with a current yield of 0.46%.

Founded in 1901, U. S. Steel has been a longstanding provider of steel solutions across various industries, including automotive, construction, and energy. The company prides itself on its integrated steelmaking facilities, which are supported by its iron ore production. With annual revenue of $15.64 billion and a market capitalization of $9.8 billion, U. S. Steel has been investing in electric arc furnaces as part of its commitment to innovation and sustainability. InvestingPro analysis indicates the stock is currently trading near its 52-week high of $46.18, suggesting strong market confidence in the company’s strategic direction.

The corporation has been vocal about its environmental goals, aiming to achieve net-zero greenhouse gas emissions by 2050. In line with these efforts, U. S. Steel has developed several new steel products, such as XG3® advanced high-strength steel, verdeX® steel, and InduX™ steel. These products are designed to be more environmentally friendly, boasting features like lower CO2 emissions and higher recycled content.

U. S. Steel operates not only in the United States but also maintains a presence in Central Europe. The company’s headquarters are located in Pittsburgh, Pennsylvania.

The declaration of this dividend reflects U. S. Steel’s ongoing strategy to generate shareholder value while continuing to innovate within the steel industry. This information is based on a press release statement issued by the company.

In other recent news, United States Steel Corporation is at the center of significant developments concerning its potential sale to Nippon Steel Corporation. Ancora Holdings Group, LLC has withdrawn its director nominations for U.S. Steel’s Annual Meeting, citing positive progress in the proposed $55 per share sale to Nippon Steel, with discussions addressing national security concerns. This comes as President Trump has reinstated a review of the merger by the Committee on Foreign Investment in the United States (CFIUS), which was previously halted by an order from President Biden. The CFIUS review is expected to conclude by May 21, 2025, and will examine the implications of the merger for national security.

Ancora has requested a postponement of U.S. Steel’s Annual Meeting, scheduled for May 6, 2025, until after the CFIUS review, arguing that shareholders need complete information before making decisions. Despite this, Ancora does not oppose the merger itself but emphasizes the importance of shareholder transparency. Ancora has also proposed a strategy for U.S. Steel’s future, advocating for its board nominees and suggesting a standalone path for the company. The situation remains fluid, with investors closely watching the outcome of the CFIUS review and any subsequent actions by the President.

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