BlueScope Steel Limited (ASX:BSL) Declares Dividend Increase – $0.30 Per Share

BlueScope Steel Limited (ASX:BSL) declared a final dividend on Friday, September 6th, MarketIndexAU reports. Stockholders of record on Monday, October 14th will be paid a dividend of 0.30 per share on Monday, October 14th. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 9th. This is a boost from BlueScope Steel’s previous final dividend of $0.25.

BlueScope Steel Stock Performance

The company has a quick ratio of 0.81, a current ratio of 1.97 and a debt-to-equity ratio of 6.39.

Insiders Place Their Bets

In other news, insider Alistair Field acquired 2,500 shares of BlueScope Steel stock in a transaction dated Tuesday, August 20th. The shares were purchased at an average cost of A$19.99 ($13.60) per share, for a total transaction of A$49,975.00 ($33,996.60). In other BlueScope Steel news, insider Zhi-Qiang Zhang bought 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of A$21.00 ($14.29) per share, with a total value of A$168,000.00 ($114,285.71). Also, insider Alistair Field acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was acquired at an average price of A$19.99 ($13.60) per share, for a total transaction of A$49,975.00 ($33,996.60). Corporate insiders own 0.44% of the company’s stock.

About BlueScope Steel

BlueScope Steel Limited produces and sells metal coated and painted steel building products in Australia, New Zealand, Asia, North America, and internationally. The company operates through five segments: Australian Steel Products, North Star BlueScope Steel, Coated Products Asia, Buildings and Coated Products North America, and New Zealand & Pacific Islands.