What is BlueScope Steel distributing to shareholders?

BlueScope Steel is distributing A$438 million to shareholders through a special dividend of A$1 per share.

Why did BlueScope Steel reject the $9 billion takeover offer?

BlueScope Steel rejected the $9 billion offer, believing it undervalued the company. Its largest investor, AustralianSuper, agreed with this assessment.

When will BlueScope Steel pay its special dividend?

The special dividend is scheduled to be paid on February 24, 2026.

Home / Business and Economy / BlueScope Returns A$438M to Shareholders

BlueScope Returns A$438M to Shareholders

14 Jan

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Summary

BlueScope will distribute A$438 million to shareholders via a special dividend.
Funds for the dividend stem from asset sales, including a Tata Steel JV stake.
The company rejected a $9 billion takeover offer last week.

BlueScope Returns A$438M to Shareholders

BlueScope Steel announced on Wednesday, January 14, 2026, that it will distribute A$438 million to its shareholders. This significant return of capital will be in the form of a special dividend of A$1 per share, funded by surplus cash generated from recent asset sales and ongoing property projects.

The surplus funds include proceeds from the sale of its stake in a joint venture with India's Tata Steel, a land sale for A$76 million, and expected working capital from residual property projects. This decision to issue a dividend was made as an on-market share buyback was deemed not feasible under the current corporate circumstances.