Steel Dynamics (STLD) Dividend Coverage Ratio (2009 - 2026)
Steel Dynamics' (STLD) Dividend Coverage Ratio was 6.93 for Q2 2026, up 71.9% from 4.03 a year earlier and up 25.6% from the prior quarter.
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Analysis
Steel Dynamics (STLD) Dividend Coverage Ratio (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Steel Dynamics' Dividend Coverage Ratio came in at 5.40, up 47.3% year-over-year; for FY2025, it was 4.08, down 25.7% from FY2024.
- Dividend Coverage Ratio has declined for three consecutive years.
- By year, Dividend Coverage Ratio came in at 5.48 in FY2024 (-39.7%), 9.09 in FY2023 (-44.4%), 16.36 in FY2022 (+7.3%) and 15.24 in FY2021 (+458.8%).
- The Q2 2026 figure ranks as the highest quarterly Dividend Coverage Ratio since Q1 2024.
- Year over year, Dividend Coverage Ratio has now increased in each of the last four quarters, with an average decline of 0.1% over the last eight quarters.
- The high point for year-over-year Dividend Coverage Ratio in five years was Q3 2021 (growth of 845.0%); the low point was Q1 2025 (a decline of 63.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 5.52 (Q1 2026), 3.62 (Q4 2025) and 5.47 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.53 Bn | 146.32 Bn | 2.90 Bn | 2.02 |
| 3 | Rio Tinto | 145.19 Bn | 105.69 Bn | - | - |
| 4 | Newmont | 125.76 Bn | 93.76 Bn | 4.03 Bn | 7.95 |
| 5 | Freeport-Mcmoran | 100.06 Bn | 84.10 Bn | 2.19 Bn | 4.56 |
| 6 | Agnico Eagle Mines | 94.12 Bn | 83.75 Bn | 2.43 Bn | - |
| 7 | Barrick Mining | 69.05 Bn | 44.25 Bn | 2.90 Bn | 4.23 |
| 8 | Nucor | 59.59 Bn | 48.98 Bn | 2.03 Bn | 8.96 |
| 9 | ArcelorMittal | 47.82 Bn | 26.84 Bn | - | - |
| 10 | Steel Dynamics | 35.27 Bn | 32.34 Bn | 958.97 Mn | 6.93 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.93 |
| Mar 31, 2026 | 5.52 |
| Dec 31, 2025 | 3.62 |
| Sep 30, 2025 | 5.47 |
| Jun 30, 2025 | 4.03 |
| Mar 31, 2025 | 3.13 |
| Dec 31, 2024 | 2.98 |
| Sep 30, 2024 | 4.48 |
| Jun 30, 2024 | 5.94 |
| Mar 31, 2024 | 8.64 |
| Dec 31, 2023 | 6.15 |
| Sep 30, 2023 | 8.20 |
| Jun 30, 2023 | 11.29 |
| Mar 31, 2023 | 10.96 |
| Dec 31, 2022 | 10.64 |
| Sep 30, 2022 | 14.79 |
| Jun 30, 2022 | 18.88 |
| Mar 31, 2022 | 21.84 |
| Dec 31, 2021 | 21.08 |
| Sep 30, 2021 | 18.74 |
API Access
Steel Dynamics Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=STLD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "STLD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=STLD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();