Steel Dynamics Adds $3 Billion to Share Repurchase Authorization

Steel Dynamics’ board authorized an additional $3 billion for common-stock repurchases on Nov. 9, with the authorization taking effect immediately.

The new authorization supplements a previous $1.5 billion program, which had $216 million remaining as of Sept. 30, 2026. Repurchases may take place in the open market or through private transactions. The company is not required to buy a specific number of shares.

The board also declared a fourth-quarter cash dividend of $0.53 per share, the same amount as in TokenPost’s earlier dividend coverage. Payment is scheduled for on or about Jan. 8, 2027. Shareholders of record at the close of business on Dec. 31, 2026, are eligible for the dividend.