ArcelorMittal (NYSE:MT) Shares Gap Up Following Dividend Announcement

ArcelorMittal (NYSE:MT)’s share price gapped up before the market opened on Wednesday after the company announced a dividend. The stock had previously closed at $63.09, but opened at $66.74. ArcelorMittal shares last traded at $64.9440, with a volume of 527,881 shares traded.

The newly announced dividend which will be paid on Wednesday, March 18th. Investors of record on Friday, February 20th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, February 20th. ArcelorMittal’s dividend payout ratio is currently 11.22%.

Wall Street Analysts Forecast Growth

MT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of ArcelorMittal from a “neutral” rating to an “overweight” rating in a research note on Friday, November 7th. Wells Fargo & Company raised their price objective on shares of ArcelorMittal from $47.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of ArcelorMittal in a research note on Friday. Citigroup reiterated a “buy” rating on shares of ArcelorMittal in a research note on Thursday, January 22nd. Finally, Santander raised ArcelorMittal from a “neutral” rating to an “outperform” rating in a report on Thursday, February 5th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.98.

ArcelorMittal Stock Performance

The company has a market capitalization of $51.15 billion, a P/E ratio of 16.12, a P/E/G ratio of 0.54 and a beta of 1.52. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.36. The business’s fifty day simple moving average is $49.14 and its 200-day simple moving average is $41.02.

ArcelorMittal (NYSE:MT) last issued its quarterly earnings data on Thursday, February 5th. The basic materials company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.30. The firm had revenue of $14.97 billion during the quarter, compared to analyst estimates of $15.56 billion. ArcelorMittal had a return on equity of 5.27% and a net margin of 5.14%.The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. As a group, equities analysts anticipate that ArcelorMittal will post 3.72 earnings per share for the current fiscal year.

Trending Headlines about ArcelorMittal

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: ArcelorMittal confirmed a strategic €1.3 billion investment to build an electric arc furnace (EAF) at its Dunkirk site, a move that materially advances its decarbonization plan, attracts French government backing and was highlighted during a visit from President Macron — likely to improve future cost structure, ESG credentials and access to supportive funding. ArcelorMittal confirms the construction of an electric arc furnace in Dunkirk
• Positive Sentiment: Multiple outlets report the Dunkirk EAF plan and related coverage (including Zacks, MSN, Yahoo) — the consensus narrative is favorable for the stock because it pairs lower-carbon production with government support, strengthening the company’s medium-term outlook. ArcelorMittal to Build New EAF in Dunkirk
• Positive Sentiment: Analyst upgrades are supporting the rally: J.P. Morgan issued a buy and other upgrades pushed MT to a 12‑month high, reinforcing investor optimism about near-term earnings and valuation resiliency after recent results beat EPS estimates. ArcelorMittal Gets a Buy from J.P. Morgan ArcelorMittal Hits New 12-Month High on Analyst Upgrade
• Positive Sentiment: Short interest fell sharply in January (down ~27.8%), reducing a potential source of downward pressure and indicating fewer outstanding bearish bets against the stock. (Short interest now ~0.3% of float, ~1.3 days to cover.)
• Neutral Sentiment: Some analyst notes are balanced: Barclays reiterated a hold rating, which tempers the upgrade momentum and suggests mixed views on sustainability of upside. Barclays Sticks to Its Hold Rating for ArcelorMittal
• Negative Sentiment: Coverage also flagged legal and expansion risks (notably related to Liberia), which raise the company’s operational and regulatory risk profile and could weigh on margins or capex if issues persist. ArcelorMittal Legal Pressures And Liberia Expansion Put Risk Profile In Focus

Institutional Investors Weigh In On ArcelorMittal

A number of hedge funds have recently bought and sold shares of MT. O Shaughnessy Asset Management LLC increased its holdings in shares of ArcelorMittal by 34.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 40,856 shares of the basic materials company’s stock worth $1,862,000 after buying an additional 10,433 shares during the last quarter. JPMorgan Chase & Co. grew its position in ArcelorMittal by 327.7% in the fourth quarter. JPMorgan Chase & Co. now owns 168,721 shares of the basic materials company’s stock worth $7,689,000 after acquiring an additional 129,276 shares in the last quarter. Syon Capital LLC raised its position in ArcelorMittal by 9.6% during the fourth quarter. Syon Capital LLC now owns 10,592 shares of the basic materials company’s stock valued at $483,000 after purchasing an additional 931 shares during the period. Parallel Advisors LLC boosted its holdings in shares of ArcelorMittal by 16.4% in the 4th quarter. Parallel Advisors LLC now owns 2,455 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 346 shares during the period. Finally, Vise Technologies Inc. boosted its holdings in shares of ArcelorMittal by 16.2% in the 4th quarter. Vise Technologies Inc. now owns 18,385 shares of the basic materials company’s stock worth $838,000 after purchasing an additional 2,558 shares during the period. Hedge funds and other institutional investors own 9.29% of the company’s stock.

About ArcelorMittal

ArcelorMittal is a multinational steel manufacturing company formed in 2006 through the merger of Arcelor and Mittal Steel. Headquartered in Luxembourg, the company is one of the world’s largest producers of steel and operates an integrated value chain that spans raw material extraction, steelmaking, processing and distribution. Its product portfolio includes flat and long carbon steel products, coated and specialty steels, tubular products and value-added solutions tailored for sectors such as automotive, construction, household appliances, energy and packaging.

ArcelorMittal’s operations are global in scope, with production facilities, distribution networks and commercial activities across Europe, the Americas, Asia, Africa and the Commonwealth of Independent States.