E Daily Stock Pick: Steel Dynamics

STLD Dividends

Steel Dynamics's latest declared quarterly dividend was $0.24 per share paid January 10th.

That $0.24 Q dividend equates to $0.96 annually and yields 3.01% based on yesterday's $31.87 closing price.

STLD Gains?

Adding the $0.96 annual estimated dividend to my $4.13 estimate of Steel Dynamics Inc price upside shows a $5.09 potential gross gain, per share, which will be reduced by any costs to trade these shares.

As for costs, if we put a little under $1,000.00 today in Steel Dynamics Inc at its recent $31.87 price, would buy 31 shares of STLD.

A $10 broker fee paid half at purchase and half at sale could cost us about $0.32 per share.

Subtract that $0.32 brokerage cost from the estimated $5.09 gross estimated gain per share leaves a net gain of $4.77 X 31 shares = $147.87 or a 14.8% net gain on a $987.97 investment.

Therefore, Steel Dynamics Inc, whose trading ticker symbol is STLD shows a possible 14.8% net gain including a 3.32% dividend yield. It could be more, it could be less.

The above speculation is based on past year performance. The actual results remain to be seen to learn if Steel Dynamics Inc, is worth your time and money.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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