Stelco Holdings Inc. engages in the production and sale of steel products in Canada, the United States, and internationally. It offers flat-rolled value-added steel, including coated, pre-painted, cold-rolled, and hot-rolled sheet products, as well as pig iron and metallurgical coke. The company sells its products to customers in the construction, automotive, energy, appliance, and pipe and tube industries, as well as to various steel service centers. Stelco Holdings Inc. was founded in 1910 and is headquartered in Hamilton, Canada.
Stelco Dividend Announcement
• Stelco announced a quarterly dividend of $0.75 per ordinary share which will be made payable on 2024-08-26. Ex dividend date: 2024-08-19
• Stelco annual dividend for 2024 was $1.75
• Stelco annual dividend for 2023 was $4.26
• Stelco's trailing twelve-month (TTM) dividend yield is 5.02%
• Stelco's payout ratio for the trailing twelve months (TTM) is 154.34%
• Stelco's dividend growth over the last five years (2018-2023) was 17.26% year
Stelco Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-19 | $0.75 | quarterly | 2024-08-26 |
2024-05-16 | $0.50 | quarterly | 2024-05-24 |
2024-02-29 | $0.50 | quarterly | |
2023-11-21 | $3.00 | quarterly | 2023-11-28 |
2023-08-17 | $0.42 | quarterly | 2023-08-24 |
2023-05-17 | $0.42 | quarterly | 2023-05-23 |
2023-03-02 | $0.42 | quarterly | 2023-03-09 |
2022-11-23 | $2.56 | quarterly | 2022-12-01 |
2022-09-02 | $0.30 | quarterly | 2022-09-09 |
2022-05-13 | $0.30 | quarterly | 2022-05-20 |
2022-03-03 | $0.30 | quarterly | 2022-03-09 |
2021-11-23 | $0.30 | quarterly | 2021-11-30 |
2021-08-24 | $0.16 | quarterly | 2021-08-31 |
2021-05-13 | $0.08 | quarterly | 2021-05-19 |
2021-02-25 | $0.08 | quarterly | 2021-03-04 |
2020-02-27 | $0.07 | quarterly | 2020-03-04 |
2019-11-22 | $0.08 | quarterly | 2019-11-29 |
2019-08-22 | $0.08 | quarterly | 2019-08-30 |
2019-05-24 | $0.07 | quarterly | 2019-05-31 |
2019-03-12 | $1.13 | quarterly | 2019-03-20 |
2018-11-23 | $0.08 | quarterly | 2018-11-28 |
2018-08-09 | $1.69 | quarterly | 2018-08-15 |
2018-05-14 | $0.08 | quarterly | 2018-05-18 |
2018-03-06 | $0.08 | quarterly | 2018-03-12 |
Stelco Dividend per year
Stelco Dividend growth
Stelco Dividend Yield
Stelco current trailing twelve-month (TTM) dividend yield is 5.02%. Interested in purchasing Stelco stock? Use our calculator to estimate your expected dividend yield:
Stelco Financial Ratios
Stelco Dividend FAQ
Other factors to consider when evaluating Stelco as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Stelco's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Stelco publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Stelco distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Stelco are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Stelco sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Stelco distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Stelco declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Stelco's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Stelco's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.