Steel Dynamics(NASDAQ:STLD) Declares Dividend of $0.1400.

Steel Dynamics (NASDAQ:STLD) had declared a cash dividend of $0.1400 on Jun 13, 2016. The shares will quote ex-dividend on Jun 28, 2016 and the record date has been fixed for Jun 30, 2016. On Jun 13, 2016 share price, the yield comes out to be 2.1638%. The dividend payable date has been fixed on Jul 14, 2016.

In a different note, On Jun 10, 2016, Jefferies said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 8, 2016, Credit Suisse said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 22, 2016, Cowen & Company said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 22, 2016, Macquarie said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $25.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 19, 2016, Barclays said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 5, 2016, JP Morgan said it Maintains its rating on Steel Dynamics. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Overweight’ by the firm.

Steel Dynamics (STLD) shares turned negative on Fridays trading session with the shares closing down -0.44 points or -1.70% at a volume of 40,67,368. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.24. The peak price level was also seen at $26.24 while the days lowest was $25.44. Finally the shares closed at $25.5. The 52-week high of the shares is $26.99 while the 52-week low is $15.32. According to the latest information available, the market cap of the company is $6,211 M.

Steel Dynamics(STLD) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.74B. Analysts had an estimated revenue of $1.71B. Earnings per share were $0.26. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On Mar 22, 2016, Keith E Busse (director) sold 91,873 shares at $21.94 per share price.Also, On Aug 28, 2015, Richard P Jr Teets (Executive Vice President) purchased 6,000 shares at $18.75 per share price.On Aug 20, 2015, John C Bates (director) sold 66,989 shares at $21.22 per share price, according to the Form-4 filing with the securities and exchange commission.

Steel Dynamics Inc. (SDI) is a steel producing and a metal recycling company. The Company operates in three segments: steel operations metals recycling and ferrous resources operations and steel fabrication operations. The Company offers hot roll cold roll galvanized galvanneal Galvalume Galfan and painted sheet steel; a range of structural steel beams and rails; engineered steel of various sizes and chemistries; and various merchant-bar products rounds angles flats and channels. The Company also offers steel finishing and fabrication services. In the metals recycling operations of its metals recycling and ferrous resources segment its products include an array of both ferrous and non-ferrous scrap processing scrap management transportation and brokerage products and services. Its steel fabrication segment produces steel joists and steel decking materials.

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