08:43 AM EST, 02/24/2025 (MT Newswires) -- Steel Dynamics ( STLD ) said Monday the board has approved an additional $1.50 billion stock buyback plan.

The plan is in addition to a $1.50 billion repurchase program approved in November 2023 that had $194 million outstanding as of Dec. 31, 2024, the company said.

Steel Dynamics ( STLD ) also said it has raised its quarterly dividend to $0.50 per share, payable April 11 to shareholders of record as of March 31.