Steel Dynamics (STLD) Raises Quarterly Dividend 10.7% to $0.1550; 1.7% Yield
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Steel Dynamics Provides First Quarter 2017 Guidance and Announces First Quarter 2017 Cash Dividend Increase
March 16, 2017 8:00 PM EDTFORT WAYNE, Ind., March 16, 2017 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today provided first quarter 2017 earnings guidance in the range of $0.77 to $0.81 per diluted share, compared to prior year first quarter earnings of $0.26 per diluted share and sequential fourth quarter 2016 earnings of $0.08 per diluted share, which included non-cash goodwill and asset impairment charges of $0.31 per diluted share and debt refinancing and repayment charges of $0.04 per diluted share.  Excluding these items, the company's adjusted fourth quarter 2016 earnings were $0.43 per diluted share.
First quarter 2017 profitability from the company's steel operations is expected to... More
