Why it’s on the map
Largest US EAF steelmaker; purest large-cap play on HRC about $1,150–1,185/st (vs $780 Europe). Record 7.1Mt Q2 shipments; Q3 guided higher.
Government money & contracts
No direct federal capital — Buy American / IIJA beneficiary; heaviest tariff lobbyist.
Customers & commercial
Construction, auto, energy, infrastructure.
Catalysts
Q3 late Oct; WV mill commercial early 2027; weekly CSP.
Risk
Canada's 50% counter-tariff on US steel semis (Sept 8); auto demand slowing 2027; spot-price valuation.
Tariff durability
Section 232 at 50% (durable, unchanged by Section 338).
Dividend · #40 of 47 payers by yield
0.82% yield
$2.24 a share a year · quarterly · pays Feb · May · Aug · Nov
Per payment$0.56a share, 4× a year
Next payoutNov 10declared · $0.56 a share
Last ex-dateSept 30, 2026own it before the ex-date to collect
Last paidAug 11, 2026$0.56 a share
Payout ratio18%of earnings · well covered
Raised53 yrsconsecutive years of increases
Shares at the Oct 30 close of $273.873.65
Each payment$2.04
Per year · 4 payments$8.18
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Sept 30, 2026 | Nov 10, 2026 | $0.56 | declared, upcoming |
| Jun 30, 2026 | Aug 11, 2026 | $0.56 | |
| Mar 31, 2026 | May 11, 2026 | $0.56 | |
| Dec 31, 2025 | Feb 11, 2026 | $0.56 | |
| Sept 30, 2025 | Nov 10, 2025 | $0.55 |
Yield = $0.56 × 4 ÷ the Oct 30 close of $273.87. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source