# Steel Dynamics Adds $3 Billion to Share Repurchase Authorization By John Kim Canonical URL: https://www.tokenpost.com/news/business/53828 Published: 2026-11-11T10:39:20.000Z Updated: 2026-11-11T10:39:20.000Z Section: Business > The authorization took effect immediately. The board also declared a $0.53 fourth-quarter dividend payable in January. 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. ## Links in this article - [TokenPost’s earlier dividend coverage](https://www.tokenpost.com/news/insights/53577)