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STLD Buyback image

Steel Dynamics, Inc. Buyback

OLI recorded this information on 11/3/2023

Company: Steel Dynamics, Inc.
Buyback: STLD buyback
$Amount Authorized: $1,778,000,000
Buyback Details: Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company's board of directors authorized an additional share repurchase program of $1.5 billion of the company's common stock. The authorization is effective immediately and is additive to the previous $1.5 billion program, which had $278 million remaining authorized and available for repurchase on September 30, 2023. Since 2017, the company has repurchased $5.2 billion of its common stock, representing 36 percent of its outstanding shares, and has paid cash dividends of $1.4 billion through September 30, 2023.

Steel Dynamics is a steel producer and metal recycler in the U.S. Co. manufactures and sells steel products, processes and sells recycled ferrous and nonferrous metals, and fabricates and sells steel joists and deck products. Co.'s segments include: Steel Operations, which produce steel from ferrous scrap and scrap substitutes, utilize continuous casting, automated rolling mills and various steel coating and process lines; Metals Recycling Operations, which include both ferrous and nonferrous scrap metal processing, transportation, marketing, brokerage and scrap management services; and Steel Fabrication Operations, which serve the non-residential construction industry throughout the U.S.

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STLD — Key Stats (updated 15 hours, 51 minutes ago)
Company Name:  Steel Dynamics Inc.
Stock buyback:  STLD buyback
Website:  www.steeldynamics.com
Sector:  Non-Precious Metals & Non-Metallic Mining
Number of ETFs Holding STLD:  124
Total Market Value Held by ETFs:  $4.20B
Total Market Capitalization:  $22.30B
% of Market Cap. Held by ETFs:  18.85%
 

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April 18, 2024  •  2:24 AM Eastern
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Hold (2.22 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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