Steel Dynamics Provides Q1 Earnings Guidance, Sees Q1 EPS Of $3.51-$3.55 Per Share Vs. $3.35 Estimate; Increased Q1 Cash Dividend By 8% To $0.46 Per Share
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics forecasts Q1 earnings per share (EPS) of $3.51-$3.55, surpassing the $3.35 estimate. Additionally, the company announced an 8% increase in its Q1 cash dividend to $0.46 per share.
March 15, 2024 | 11:55 am
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Steel Dynamics forecasts a higher-than-expected Q1 EPS and increases its quarterly dividend by 8%.
The positive earnings guidance exceeding analyst estimates typically leads to a positive investor sentiment, potentially driving the stock price up in the short term. The increase in dividend payout further enhances shareholder value, making the stock more attractive to dividend investors.
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