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Steel Dynamics dividend history

Steel Dynamics's dividend was $2.00 a share in fiscal 2025, up 8.7% on the year before. That was 24.6% of net income. It has raised its dividend per share every year since fiscal 2012.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$831M
Dividends (TTM)
$298M
Returned to shareholders
103%
of free cash flow
Buybacks, last 3 fiscal years
$3.6B
Diluted share count
−3.4%
year over year
Total shareholder yield
3.1%
dividends 0.8% + buybacks 2.3% of market value
Dividend payout ratio
15%
of net income paid out
Sales & admin spending
3.3%
of revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Dividend per share$0.325$0.300$0.400$0.400$0.440$0.460$0.550$0.560$0.620$0.750$0.960$1.00$1.04$1.36$1.70$1.84$2.00—
Dividend per share growth—−7.7%+33.3%0.0%+10.0%+4.5%+19.6%+1.8%+10.7%+21.0%+28.0%+4.2%+4.0%+30.8%+25.0%+8.2%+8.7%—
Dividends paid6965828895105128136146169200209213237271283291298
Share buybacks———————252525243491071,0611,8011,4521,212901831
Dividends ÷ net income—46.2%29.4%53.6%50.1%67.1%—35.5%17.9%13.4%29.8%38.0%6.6%6.1%11.1%18.4%24.6%15.2%
Dividends ÷ free cash flow59.5%180.9%25.6%39.4%75.6%20.4%13.6%20.7%25.3%14.4%21.2%—17.8%6.7%14.6%—58.1%27.2%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Recent dividend announcements

  • Steel Dynamics Announces Third Quarter 2026 Cash Dividend Source

Compare with peers

Head to head: CLF vs STLDRS vs STLDNUE vs STLDMT vs STLD

More: Steel stocks compared, Materials sector, rankings of US companies

Figures from Steel Dynamics's SEC filings (10-K and 10-Q), retrieved October 24, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Steel Dynamics.