Steel Dynamics Announces Additional $3.0 Billion Share Repurchase Authorization and Fourth Quarter 2026 Cash Dividend
Key Highlights
- ➤$3.0 billion additional share repurchase authorization takes effect immediately
- ➤$0.53 quarterly dividend payable around January 8, 2027
- ➤$216 million remained available under previous $1.5 billion buyback program
- ➤$8.2 billion repurchased since 2017, representing 45% of outstanding shares
Expert Statements
Mark D. Millett, Chairman and Chief Executive Officer of Steel Dynamics
“These actions reflect the Board's and senior leadership's continued confidence in our ability to consistently provide meaningful, industry-leading free cash flow generation throughout all market environments, in order to both continue our strong growth strategy and provide significant shareholder returns.”
Mark D. Millett, Chairman and Chief Executive Officer of Steel Dynamics
“We are committed to delivering shareholder value creation through profitable growth and proven capital allocation strategies. Our capital allocation strategy is consistent and focused on disciplined, high-return investments through organic growth and strategic acquisitions within our core competencies, strengthening our competitive position and deepening customer relationships. Supported by our strong value-added, low-cost operating model, disciplined capital structure, and robust liquidity profile, we are well positioned to grow while continuing to return value to our shareholders and maintain our investment grade credit ratings.”
Steel Dynamics Announces Additional $3.0 Billion Share Repurchase Authorization and Fourth Quarter 2026 Cash Dividend PR Newswire
FORT WAYNE, Ind., Nov. 9, 2026 /PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors authorized an additional share repurchase program of $3.0 billion of the company's common stock. The authorization is effective immediately and is additive to the previous $1.5 billion program, which had $216 million remaining authorized and available for repurchase on September 30, 2026. Since 2017, the company has repurchased $8.2 billion of its common stock, representing 45 percent of its outstanding shares, and has paid cash dividends of $2.2 billion through September 30, 2026.
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