Steel Dynamics Sees Q4 EPS of $.05 to $.10

Today Steel Dynamics, Inc. STLD announced that its board of directors has declared a quarterly cash dividend of $0.075 per common share, payable on or about January 14, 2011, to shareholders of record at the close of business on December 31, 2010. The company also expects fourth quarter earnings per diluted share, before certain asset impairment charges related to its fabrication operations, to be in the range of $0.05 to $0.10, consistent with third quarter 2010 earnings per diluted share of $0.09. The company currently estimates a fourth quarter impairment charge of $13 million to $15 million, or approximately $0.03 to $0.04 per diluted share.