ArcelorMittal S.A.
MTBasic Materials · Stock · quarterly payer
Forward Yield
0.83%
Annual Dividend
$0.60
Payout Ratio
24%
5-Yr Growth
—
Ex-Date
Nov 13, 2026
Frequency
Quarterly
Summary
As of September 2026, ArcelorMittal S.A. (MT) yields 0.83% ($0.60 per share annually), with a blended fair-value estimate of $45.91 — -37% downside, so it screens as overvalued. Dividend safety grade: C (60/100). 2 years of dividend growth.
Is MT a good dividend stock?
Yes, with caveatsArcelorMittal S.A. (MT) pays a quarterly dividend yielding 0.83% ($0.60/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (24%)
- 112% total price return over 5 years
Risks
- Cut its dividend in 2023
Key Data
- Dividend Yield
- 0.83%
- Payout Ratio
- 24%
- Annual Dividend
- $0.60
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Nov 13, 2026
- Years of Growth
- 2
- Frequency
- quarterly
- Beta
- 1.75
- Market Cap
- $54.6B
- P/E Ratio
- 30.5
- 5-Yr Total Return
- 112%
- 52-Week Range
- $35.31 – $79.68
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
MT Price — Last 12 Months
Daily close
Price Return
1 Year
+90%
3 Years
+229%
5 Years
+112%
52-Week Range
$35.31 – $79.68
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MT worth?
Overvaluedlow confidenceOur blended fair-value estimate for ArcelorMittal S.A. is $45.91 per share, versus a market price of $72.53. That implies 37% of downside.
Fair Value
$45.91
Current Price
$72.53
Downside
-37%
Margin of Safety
-58%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 12.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $2.38 EPS, $0.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MT Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 7, 2026 | — | $0.1500 | regular |
| May 13, 2026 | — | $0.1500 | regular |
| Feb 20, 2026 | — | $0.1500 | regular |
| Nov 13, 2025 | — | $0.2750 | regular |
| May 16, 2025 | — | $0.2750 | regular |
| Nov 12, 2024 | — | $0.2500 | regular |
| May 16, 2024 | — | $0.2500 | regular |
| Nov 13, 2023 | — | $0.2200 | regular |
| May 22, 2023 | — | $0.2200 | regular |
| May 13, 2022 | — | $0.3800 | regular |
| Jun 10, 2021 | — | $0.3000 | regular |
| May 16, 2019 | — | $0.2000 | regular |
| May 17, 2018 | — | $0.1000 | regular |
| May 7, 2015 | — | $0.4573 | regular |
Income Calculator
At $0.60 / yr per share
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