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Steel Dynamics Declares Special Dividend

The company will pay a 10-cent special dividend on top of its regular 10-cent payout.

Steel Dynamics'

(STLD) - Get Steel Dynamics, Inc. Report

board approved a special cash dividend of 10 cents a share, in addition to a regular quarterly cash dividend of 10 cents a share.

The dividends will be paid to shareholders of record at the close of business on March 31, payable April 14.

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The company said it plans to declare the special dividend every quarter in 2006, resulting in a total special cash dividend of 40 cents a share.

Steel Dynamics said the continued payment of the special dividend during 2006 is contingent upon many factors, including its future growth opportunities, results of operations, financial position and cash flows.

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