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TX has been paying dividends consistently every year since 2007. Its dividend payout has grown at a 38.1% CAGR over the past three years and 26.4% over the past five years. While the four-year average dividend yield for TX is 3.62%, the current dividend translates to a 7.11% yield. On on November 19, it paid a $0.08 per share ($0.80 per ADS) interim dividend, totaling roughly $157 million in aggregate. The stock has gained 7.2% in price over the past month and 24% over the past six months to close yesterday’s trading session at $40.77.
TX signed a memorandum of understanding with Vale S.A. (VALE) on August 19 to pursue opportunities to develop steelmaking solutions focused on reducing carbon dioxide emissions. And according to a Research and Markets report, the steel market is expected to grow by 614.20 million tons over the next five years, benefitting TX. So, its near-term prospects look promising.
