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The latest announcement is out from Bluescope Steel ( (AU:BSL) ).
BlueScope Steel will return $438 million in surplus cash to investors via an unfranked special dividend of $1.00 per share, funded by the sale of its 50 per cent stake in the Tata BlueScope joint venture, the agreed sale of land at West Dapto, and the ongoing realisation of residual projects in its properties division. Management framed the payout as consistent with its capital management strategy and independent of any current or potential corporate proposals, noting that the special dividend replaces on-market buy-backs that are currently constrained by corporate and regulatory settings; the company expects free cash generation to accelerate over the next 12–18 months as its major investment program winds down, with a planned reduction in capex of at least $500 million in FY2027 supporting continued shareholder returns alongside growth investment.
The most recent analyst rating on (AU:BSL) stock is a Hold with a A$31.00 price target. To see the full list of analyst forecasts on Bluescope Steel stock, see the AU:BSL Stock Forecast page.
More about Bluescope Steel
BlueScope Steel Limited is a global steel producer headquartered in Australia, with operations spanning steelmaking and value-added steel products for construction, infrastructure and manufacturing markets. The company follows a disciplined, returns-focused capital management framework that targets at least 50 per cent of free cash flow being returned to shareholders through a mix of dividends and buy-backs, while continuing to fund long-term profitable growth projects.
Average Trading Volume: 3,076,917
Technical Sentiment Signal: Buy
Current Market Cap: A$13.14B
Find detailed analytics on BSL stock on TipRanks’ Stock Analysis page.