BlueScope Steel Announces A$438 Million Special Dividend Return to Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
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Source: NASDAQ.COM
- Special Dividend Announcement: BlueScope Steel has declared a special dividend of A$1.00 per share, totaling A$438 million, to be paid on February 24, 2026, reflecting the company's commitment to shareholder returns.
- Diverse Cash Sources: The funds for this dividend come from the A$167 million sale of a 50% stake in the Tata BlueScope joint venture and the A$76 million sale of 33 hectares of land at West Dapto, highlighting the company's proactive asset disposal strategy.
- Capital Release Expectations: Through these asset transactions, BlueScope anticipates a working capital release of approximately A$200 million across fiscal years 2025 and 2026, enhancing the company's financial flexibility and investment capacity.
- Future Cash Flow Growth: The company expects a significant increase in free cash generation over the next 12 to 18 months, driven by the completion of its major investment program, with capital expenditures projected to decline by at least A$500 million in fiscal year 2027 compared to fiscal year 2026, improving overall financial health.
Analyst Views on BSL
Wall Street analysts forecast BSL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BSL is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About BSL
Blackstone Senior Floating Rate 2027 Term Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary investment objective is to seek high current income, with a secondary objective to seek preservation of capital, consistent with its primary goal of high current income. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in senior, secured floating rate loans (Senior Loans). The Fund may also invest in second-lien loans and high yield bonds and employs financial leverage, which may increase risk to the Fund. It invests in various sectors, including healthcare providers and services, software, capital markets, building products, aerospace and defense, financial services, healthcare equipment and supplies, professional services and information technology (IT) services. Blackstone Liquid Credit Strategies LLC (the Adviser) acts as the investment adviser of the Fund.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
