Steel Dynamics Announces First Quarter 2021 Cash Dividend Increase

About this update from Steel Dynamics, Inc.

[{"type":"text","content":"FORT WAYNE, Ind., Feb. 26, 2021 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors declared a first quarter cash dividend of $0.26 per common share, a four percent increase over the company's 2020 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2021 and is payable on or about April 16, 2021. \n\"We are pleased that our board of directors took this action, based on our confidence in the current and anticipated future strength of our cash flow generation capability and strong financial position,\" stated Mark D. Millett, President and Chief Executive Officer. \"Our differentiated business model coupled with our passionate and dedicated team, are critical components that drive our best-in-class through-cycle operating and financial performance. We believe this action reflects the strength of our capital structure and liquidity profile, the continued optimism and confidence in our prospects to strategically grow, while staying committed to maintaining our investment grade credit rating.\"\nAbout Steel Dynamics, Inc.\nSteel Dynamics is one of the largest domestic steel producers and metals recyclers in the United States based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap. \nForward-Looking Statements \nThis press release contains some predictive statements about future events, including statements related to conditions in domestic or global economies, conditions in steel and recycled metals market places, Steel Dynamics' revenues, costs of purchased materials, future profitability and earnings, and the operation of new, existing or planned facilities. These statements, which we generally precede or accompany by such typical conditional words as \"anticipate\", \"intend\", \"believe\", \"estimate\", \"plan\", \"seek\", \"project\", or \"expect\", or by the words \"may\",...

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