U.S. Steel Keeps Nickel Dividend Steady

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Like a beam made of tempered steel, United States Steel  will pay its regular quarterly dividend of $0.05 per share on June 10 to the holders of record at the close of business on May 14.

That's the same regular payment the steelmaker has made every quarter since 2009 when it slashed its payout from $0.30 per share.

Pittsburgh-based U.S. Steel, which has been making steel for more than 110 years, has annual raw steelmaking capabilities of 29.3 million net tons. It generated more than $19.3 million in revenues in 2012

The most recent dividend payment equates to a $0.20-per-share annual dividend yielding 1.2% based on the closing price of United States Steel's stock on April 30.

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The article U.S. Steel Keeps Nickel Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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