Steel Dynamics expands its capital return strategy with a new $3.0 billion share buyback authorization and a $0.53 per share quarterly dividend, building on a history of $8.2 billion in repurchases since 2017.
The board authorized an additional $3.0 billion share repurchase effective immediately, additive to $216 million left under the prior $1.5 billion program, and declared a $0.53 per share dividend payable on or about January 8, 2027. A buyback of this size against the company's historical repurchase of $8.2 billion since 2017 signals strong free cash flow and supports the share price. The program is discretionary and can be suspended at any time, which tempers the effect.
Steel Dynamics announced a new $3.0 billion share repurchase program effective immediately, supplementing the $216 million remaining from a previous authorization. The company also declared a quarterly cash dividend of $0.53 per share, payable on or about January 8, 2027, to shareholders of record as of December 31, 2026.
The board authorized an additional $3.0 billion of share repurchases, effective immediately, on top of $216 million still available under the prior $1.5 billion program as of September 30, 2026.
A quarterly cash dividend of $0.53 per common share, payable to shareholders of record at the close of business on December 31, 2026, and payable on or about January 8, 2027.