Steel Dynamics reports extra $1.5 billion share repurchase authorization and the final quarter of 2023 cash dividend. This company declared that the company's board of directors authorized an extra share repurchase program of $1.5 billion of the company's common stock. The authorization is effective soon and is additive to the previous $1.5 billion program, which had $278 million remaining authorized and accessible 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. The company's board of directors likewise pronounced a quarterly cash dividend of $0.425 per common share. The dividend is payable to shareholders of record at the close of business on December 31, 2023, and is payable approximately January 16, 2024.
Steel Dynamics reports extra $1.5 billion share repurchase authorization and the final quarter of 2023 cash dividend.
Steel Dynamic company declared that the company's board of directors authorized an extra share repurchase program of $1.5 billion of the company's common stock.

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