Steel Dynamics (STLD) Declares $0.14 Quarterly Dividend; 2.2% Yield
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Steel Dynamics Provides Second Quarter 2016 Guidance and Announces Second Quarter 2016 Cash Dividend
June 13, 2016 7:00 AM EDTFORT WAYNE, Ind., June 13, 2016 /PRNewswire/ --Â Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided second quarter 2016 earnings guidance in the range of $0.53 to $0.57 per diluted share, compared to sequential first quarter 2016 earnings of $0.26 per diluted share and prior year adjusted second quarter earnings of $0.22 per diluted share, which excludes certain non-cash inventory valuation adjustments and other costs primarily related to idling the company's Minnesota Operations. Including these charges the company reported second quarter 2015 earnings of $0.13 per diluted share.
Second quarter 2016 profitability from the company's steel operations is expected to be... More
