Steel Dynamics, Inc.STLD

Where STLD's Payout Ratio sits inside its own 10-year distribution, with the yearly high, low and average.

$240.31-1.75 (-0.72%)Previous close
NASDAQBasic Materials

STLD Payout Ratio: current value, 10-year range and year-by-year history

Payout Ratio History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
STLD Payout Ratio historySTLD Payout Ratio from Sep 2023 to Jun 2026: low 11.61%, high 93.02%, latest 31.13%.5.09%28.7%52.31%75.93%99.54%Sep 23Mar 24Jun 24Sep 25Dec 25Jun 26med 32.84%

STLD Payout Ratio by year

Yearly range of STLD’s payout ratio from 2016 to 2026. Over the full period it ranged from 6.7% to 93.0%, averaging 27.2%.

STLD Payout Ratio — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202631.1%37.7%44.2%31.1%
202558.3%75.7%93.0%58.3%
202420.7%39.6%65.3%65.3%
20237.3%10.6%14.8%14.8%
20226.7%8.6%11.4%6.7%
202117.3%30.8%44.4%17.3%
202025.6%46.8%85.6%85.6%
201915.4%17.8%22.0%22.0%
201814.7%21.6%30.8%14.7%
201723.8%26.1%28.4%25.8%
201616.7%18.9%21.1%21.1%

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What fraction of free cash flow is paid out as dividends. More reliable than the earnings-based payout ratio because cash is harder to manipulate through accounting choices. Low ratio = room to grow the dividend and absorb an earnings dip. High ratio = dividend is consuming most of the cash generated.

FormulaTTM Dividends Per Share / (TTM FCF ÷ Shares) × 100%
Full guide
How to read this chart

A steadily rising FCF payout ratio warrants scrutiny only if FCF itself is flat or falling — that means the company is paying out a larger slice of shrinking cash. A high but stable ratio in a capital-light business (e.g. consumer staples) can be perfectly sustainable.

Key caveats
  • FCF can be lumpy: large one-off capex or working-capital swings distort a single year. Look at the multi-year trend rather than any single data point.
  • Utilities and REITs naturally sustain 60–90% FCF payout ratios; industrials and tech companies typically run 20–50%. Always compare to sector context.
Pro — up to 30-year history

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