Steel Dynamics (STLD) Declares $0.14 Quarterly Dividend; 2.3% Yield
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Steel Dynamics Provides Third Quarter 2016 Guidance and Announces Third Quarter 2016 Cash Dividend
September 19, 2016 6:00 PM EDTFORT WAYNE, Ind., Sept. 19, 2016 /PRNewswire/ --Â Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided third quarter 2016 earnings guidance in the range of $0.63 to $0.67 per diluted share, compared to sequential second quarter 2016 earnings of $0.58 per diluted share and prior year third quarter earnings of $0.25 per diluted share.Â
Third quarter 2016 profitability from the company's steel operations is expected to increase in comparison to sequential second quarter 2016 results, based on meaningful metal spread expansion. Average quarterly realized steel product pricing is expected to increase more than additional costs derived from higher priced ferrous... More
