Steel Dynamics, Inc.
STLDBasic Materials · Stock · quarterly payer
Forward Yield
0.90%
Annual Dividend
$2.12
Payout Ratio
19%
5-Yr Growth
14.9%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of September 2026, Steel Dynamics, Inc. (STLD) yields 0.90% ($2.12 per share annually), with a blended fair-value estimate of $280.65 — +19% upside, so it screens as undervalued. Dividend safety grade: A (80/100). 13 years of dividend growth.
Is STLD a good dividend stock?
YesSteel Dynamics, Inc. (STLD) pays a quarterly dividend yielding 0.90% ($2.12/yr), with 13 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 13 consecutive years of dividend growth
- Comfortable payout ratio (19%)
- Strong 14.9% 5-yr dividend growth
- 256% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 0.90%
- Payout Ratio
- 19%
- Annual Dividend
- $2.12
- 5-Yr Avg Growth
- 14.9%
- Ex-Dividend Date
- Sep 30, 2026
- Years of Growth
- 13
- Frequency
- quarterly
- Beta
- 1.51
- Market Cap
- $33.7B
- P/E Ratio
- 21.4
- 5-Yr Total Return
- 256%
- 52-Week Range
- $134.87 – $288.74
- Dividend Safety
- A · 80/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
STLD Price — Last 12 Months
Daily close
Price Return
1 Year
+50%
3 Years
+121%
5 Years
+256%
52-Week Range
$134.87 – $288.74
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is STLD worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Steel Dynamics, Inc. is $280.65 per share, versus a market price of $235.26. That implies 19% of upside — a margin of safety of about 16%.
Fair Value
$280.65
Current Price
$235.26
Upside
+19%
Margin of Safety
16%
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 16.5% annual free-cash-flow growth. We model 15.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 11.9% discount rate (CAPM), 15.0% stage-1 growth, 2.5% terminal growth, $11.01 EPS, $2.12 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
STLD Dividend Safety Score
Very Safe
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 |
|---|---|---|---|
| Jun 30, 2026 | — | $0.5300 | regular |
| Mar 31, 2026 | — | $0.5300 | regular |
| Dec 31, 2025 | — | $0.5000 | regular |
| Sep 30, 2025 | — | $0.5000 | regular |
| Jun 30, 2025 | — | $0.5000 | regular |
| Mar 31, 2025 | — | $0.5000 | regular |
| Dec 31, 2024 | — | $0.4600 | regular |
| Sep 30, 2024 | — | $0.4600 | regular |
| Jun 28, 2024 | — | $0.4600 | regular |
| Mar 27, 2024 | — | $0.4600 | regular |
| Dec 28, 2023 | — | $0.4250 | regular |
| Sep 28, 2023 | — | $0.4250 | regular |
| Jun 29, 2023 | — | $0.4250 | regular |
| Mar 30, 2023 | — | $0.4250 | regular |
Income Calculator
At $2.12 / yr per share
