Steel Dynamics Announces First Quarter 2025 Cash Dividend Increase of 9% and an Additional $1.5 Billion Share Repurchase Authorization

Core Viewpoint - Steel Dynamics, Inc. has announced a 9% increase in its first quarter cash dividend to $0.50 per common share, reflecting strong cash generation capabilities and confidence in future growth [1][4] Dividend Announcement - The board of directors declared a cash dividend of$0.50 per common share for the first quarter, which is a 9% increase from the 2024 quarterly rate [1] - The dividend is payable to shareholders of record on March 31, 2025, and will be distributed around April 11, 2025 [1] Share Repurchase Program - An additional share repurchase program of $1.5 billion has been authorized, effective immediately, adding to the previous$1.5 billion program from November 3, 2023, which had $194 million remaining as of December 31, 2024 [2] - Since 2017, the company has repurchased$6.7 billion of its common stock, which represents 41% of its outstanding shares [3] Financial Performance and Strategy - The company has paid cash dividends totaling $1.7 billion through December 31, 2024, while investing$7.1 billion in capital investments and acquisitions over the last five years [3] - Steel Dynamics maintains a strong after-tax return on invested capital of 24%, indicating effective capital utilization [3] Leadership Commentary - The CEO emphasized that these actions demonstrate the board's and leadership's confidence in the company's cash generation capabilities and commitment to shareholder distributions [4] - The share repurchase program allows flexibility in purchasing shares based on market conditions and other investment opportunities [4] Company Overview - Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, with a diverse range of steel products and facilities across the United States and Mexico [5]