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.