U.S. Steel Declares Fresh Dividend
Despite posting its second quarterly loss in a row, U.S. Steel is forging ahead with its dividend policy. The metallurgy giant has declared a quarterly common stock distribution of $0.05 per share, to be handed out on September 10 to shareholders of record as of August 14. That amount matches each of the company's preceding dividend payouts stretching back to June 2009.
The just-declared dividend annualizes to $0.20 per share. That yields 1.1% at U.S. Steel's most recent closing stock price of $17.71.
Yesterday, the company unveiled its Q2 results. It posted a net shortfall of $78 million ($0.54 per diluted share) for the quarter, against a profit of $101 million ($0.62) in Q2 2012.
The article U.S. Steel Declares Fresh Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in U.S. Steel, and neither does The Motley Fool. 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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