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BlueScope Steel Limited (ASX:BSL)

ALERT: Price-sensitive ASX Announcement for BSL
Current share price for BSL : $34.930 5.09 (17.06%)+
Announcement
Release
14 Jan 2026 8:49AM
Price at Release
$29.840
Full Release
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Summary
BlueScope Steel Limited announced a special dividend of $1.00 per share, distributing a total of $438 million in surplus cash to shareholders. This decision comes following several cash-generating initiatives, including the sale of a 50% interest in the Tata BlueScope joint venture and the sale of land at West Dapto. This special dividend is part of BlueScope’s capital management strategy, which focuses on balancing shareholder returns with long-term growth. The special dividend will be unfranked and classified as conduit foreign income for Australian tax purposes, with the ex-dividend date set for 20 January 2026, the record date on 21 January 2026, and payment on 24 February 2026.
Key Points
  • BlueScope Steel Limited to pay a $1.00 per share special dividend.
  • Total of $438 million surplus cash to be returned to shareholders.
  • Proceeds generated from the sale of Tata BlueScope joint venture and West Dapto land.
  • Part of BlueScope's capital management strategy.
  • Special dividend is unfranked and will be conduit foreign income.
  • Ex-dividend date is 20 January 2026, with payment on 24 February 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.