Key Highlights

  • The company declared a $0.53 per share third-quarter Dividend on August 14, 2026, payable on or about October 9.
  • Second-quarter Net Income was $534 million, or $3.69 per diluted share, on net sales of $6.1 billion.
  • Steel shipments were a record 3.7 million tons, and the average steel price was $1,298 per ton, up $105 sequentially.
  • The company reported Operating Cash Flow of $428 million, paid $77 million in dividends and repurchased $200 million of shares.

Overview

Steel Dynamics, Inc. (NASDAQ:STLD) declared a third-quarter Cash Dividend of $0.53 per common share on August 14, 2026, payable on or about October 9 to holders of record on September 30. The dividend yields 0.91%. Second-quarter net income was $534 million, or $3.69 per diluted share, on record steel shipments of 3.7 million tons and net sales of $6.1 billion.

Dividend Program and Shareholder Returns

The board declared a cash dividend of $0.53 per common share on August 14, 2026. It is payable to shareholders of record at the close of Business on September 30, on or about October 9, and the stock trades ex-dividend on September 30.

The company declared the same $0.53 amount for the second quarter on May 7, 2026, payable on or about July 10 to holders of record on June 30. In the second quarter, the company paid $77 million in dividends and repurchased $200 million of its common stock.

About the Company

Steel Dynamics describes itself as a leading industrial metals solutions company. It reports its results quarterly, and its second-quarter release covers net sales, operating income, cash flow, shipments and pricing. It states that it operates a circular Manufacturing model, producing lower-carbon-emission, quality products with recycled scrap as the primary input.

Second-Quarter Earnings and Cash Flow

Second-quarter net sales were $6.1 billion, and net income was $534 million, or $3.69 per diluted share. Operating Income was $700 million, and adjusted EBITDA, a non-GAAP measure, was $921 million.

Operating cash flow was $428 million, and dividends paid were $77 million. The company reported Liquidity of $2.0 billion and capital investments of $124 million during the quarter.

For the first half of 2026, net sales were $11.3 billion, net income was $938 million and diluted EPS was $6.47. Operating income for the half was $1.2 billion and operating cash flow was $576 million.

Shipments, Steel Pricing and Scrap Cost

Steel shipments were 3.7 million tons, a record for the company. The average steel price was $1,298 per ton, up $105 from the prior quarter, and the ferrous scrap cost was $412 per ton, up $16 sequentially.

Chief Executive Officer Mark Millett said steel fundamentals continued to strengthen during the second quarter, as pricing improved, Demand remained solid and customer inventory levels declined.

Outlook

The company's liquidity of $2.0 billion, steel pricing, scrap cost, shipment levels, operating cash flow, capital investments, share repurchases and the board's quarterly declarations are the relevant considerations. The second quarter is the most recent reported period, and the August declaration is the latest dividend action. First-half net income was $938 million.