Why it’s on the map
EAF flat-rolled/structural + NEW Columbus MS aluminum mill — double-dips on steel and aluminum tariff walls. Record 3.7Mt Q2.
Government money & contracts
None direct.
Customers & commercial
Auto, construction, appliance, can sheet.
Catalysts
Earnings Oct 19; aluminum mill ramp.
Risk
Jefferies flagged it most negatively affected by a Canada deal — now the inverse.
Tariff durability
Section 232 (durable).
Dividend · #38 of 47 payers by yield
0.84% yield
$2.12 a share a year · quarterly · pays Jan · Apr · Jul · Oct
Per payment$0.53a share, 4× a year
Next payoutexpected Jan 2027not yet declared
Last ex-dateSept 30, 2026own it before the ex-date to collect
Last paidOct 9, 2026$0.53 a share
Payout ratio15%of earnings · well covered
Raised13 yrsconsecutive years of increases
Shares at the Oct 30 close of $250.803.99
Each payment$2.11
Per year · 4 payments$8.45
Recent payments
| Ex-date | Paid | Per share | |
|---|---|---|---|
| Sept 30, 2026 | Oct 9, 2026 | $0.53 | |
| Jun 30, 2026 | Jul 10, 2026 | $0.53 | |
| Mar 31, 2026 | Apr 10, 2026 | $0.53 | |
| Dec 31, 2025 | Jan 9, 2026 | $0.50 | before the raise |
| Sept 30, 2025 | Oct 10, 2025 | $0.50 | before the raise |
Yield = $0.53 × 4 ÷ the Oct 30 close of $250.80. A dividend is a board decision, not a promise — it can be raised, cut or suspended any quarter. Dividend history source