U.S. Steel Declares Fresh Dividend

Despite posting its second quarterly loss in a row, U.S. Steel (NYSE: X  ) is forging ahead with its dividend policy. The metallurgy giant has declared a quarterly common stock distribution of $0.05 per share, to be handed out on September 10 to shareholders of record as of August 14. That amount matches each of the company's preceding dividend payouts stretching back to June 2009.

The just-declared dividend annualizes to $0.20 per share. That yields 1.1% at U.S. Steel's most recent closing stock price of $17.71.

Yesterday, the company unveiled its Q2 results. It posted a net shortfall of $78 million ($0.54 per diluted share) for the quarter, against a profit of $101 million ($0.62) in Q2 2012.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2568163, ~/Articles/ArticleHandler.aspx, 4/23/2014 4:14:02 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement