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Stelco Holdings Inc T.STLC

Alternate Symbol(s):  STZHF

Stelco Holdings Inc. is a Canada-based integrated and independent steelmaker with advanced integrated steelmaking facilities in North America. The Company is engaged in the production and sale of steel products. The Company produces flat-rolled value-added steels, including coated, cold-rolled, and hot-rolled steel products, as well as pig iron and metallurgical coke. It also provides gauge, crown, and shape control, as well as uniform through-coil mechanical properties. The Company’s steel products are supplied to customers in the steel service center, construction, automotive, energy, appliance, and pipe and tube industries across Canada and the United States. It operates from two facilities: Lake Erie Works (LEW) near Nanticoke, Ontario and Hamilton Works (HW) in Hamilton, Ontario.


TSX:STLC - Post by User

Comment by TimeScapeon Mar 03, 2023 3:57pm
88 Views
Post# 35318431

RE:RE:why the stock price increase?

RE:RE:why the stock price increase?Well, it will be interesting to see what the dividend yield turns out to be this year.  The current yield is about 2.8% plus they paid a special last year that works out to an additional 5% of the current share price, so 7.8% total.  Given the excess cash on the balance sheet, no debt, huge share buyback, and with steel pricing on the rebound as China opens up, I expect another special this year, but not as large as last year's. A special of $1.50 would get the yield to about 5.3% of the current share price.  Much more interested in the share price increasing, though.  I just hold a smallish position due to the volatility, but I think there is a lot of upside here.
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