Featured MNV Articles:

STLD Added as Top 5 Metals Channel Dividend Stock With 2.52% Yield

Play Video: The Importance of Dividends If the video does not load after a few moments, Upgrade to the Latest Flash Player.

Free Email Alerts By Stock: Get Dividend Alerts Get SEC Filing Alerts

Steel Dynamics Inc. (NASDAQ:STLD) has been named as a Top 5 dividend paying metals and mining stock, according to Dividend Channel, which published its weekly ''DividendRank'' report. The report noted that among metals and mining companies, STLD shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent STLD share price of $39.70 represents a price-to-book ratio of 2.0 and an annual dividend yield of 2.52% — by comparison, the average metals and mining stock in Dividend Channel's coverage universe yields 1.9% and trades at a price-to-book ratio of 3.1. The report also cited the strong quarterly dividend history at Steel Dynamics Inc., and favorable long-term multi-year growth rates in key fundamental data points.

Start slideshow:
The Top 5 DividendRank'ed Metals Stocks »

The report stated, ''Dividend investors approaching investing from a value standpoint are generally most interested in researching the strongest most profitable companies, that also happen to be trading at an attractive valuation. That's what we aim to find using our proprietary DividendRank formula, which ranks the coverage universe based upon our various criteria for both profitability and valuation, to generate a list of the top most 'interesting' stocks, meant for investors as a source of ideas that merit further research.''

The annualized dividend paid by Steel Dynamics Inc. is $1/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 12/30/2020. Below is a long-term dividend history chart for STLD, which Dividend Channel stressed as being of key importance. Indeed, studying a company's past dividend history can be of good help in judging whether the most recent dividend is likely to continue.