Gerdau S.A.
GGBBasic Materials · Stock · quarterly payer
Forward Yield
3.02%
Annual Dividend
$0.15
Payout Ratio
58%
5-Yr Growth
12.5%
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Summary
As of September 2026, Gerdau S.A. (GGB) yields 3.02% ($0.15 per share annually), with a blended fair-value estimate of $1.86 — -59% downside, so it screens as overvalued. Dividend safety grade: C (61/100).
Is GGB a good dividend stock?
Yes, with caveatsGerdau S.A. (GGB) pays a quarterly dividend yielding 3.02% ($0.15/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (58%)
- Strong 12.5% 5-yr dividend growth
Risks
- Cut its dividend in 2024
Key Data
- Dividend Yield
- 3.02%
- Payout Ratio
- 58%
- Annual Dividend
- $0.15
- 5-Yr Avg Growth
- 12.5%
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.91
- Market Cap
- $9.7B
- P/E Ratio
- 22.5
- 5-Yr Total Return
- 18%
- 52-Week Range
- $2.98 – $5.18
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
GGB Price — Last 12 Months
Daily close
Price Return
1 Year
+48%
3 Years
+15%
5 Years
+18%
52-Week Range
$2.98 – $5.18
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GGB worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Gerdau S.A. is $1.86 per share, versus a market price of $4.59. That implies 59% of downside.
Fair Value
$1.86
Current Price
$4.59
Downside
-59%
Margin of Safety
-146%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -4.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.8% discount rate (CAPM), -4.2% stage-1 growth, 2.5% terminal growth, $0.22 EPS, $0.15 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GGB Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | — | $0.0450 | regular |
| May 15, 2026 | — | $0.0360 | regular |
| Mar 12, 2026 | — | $0.0190 | regular |
| Aug 13, 2025 | — | $0.0220 | regular |
| May 12, 2025 | — | $0.0210 | regular |
| Mar 7, 2025 | — | $0.0170 | regular |
| Nov 21, 2024 | — | $0.0490 | regular |
| Aug 13, 2024 | — | $0.0220 | regular |
| May 17, 2024 | — | $0.0540 | regular |
| Mar 4, 2024 | — | $0.0167 | regular |
| Nov 20, 2023 | — | $0.0800 | regular |
| Aug 21, 2023 | — | $0.0733 | regular |
| May 16, 2023 | — | $0.0842 | regular |
| Mar 15, 2023 | — | $0.0302 | regular |
GGB Dividend News
Gerdau Raises Quarterly Dividend by 25%
Gerdau increased its quarterly dividend to $0.045 per share, with the stock trading ex-dividend on Aug. 21, 2026.
Gerdau Raises Quarterly Dividend Ahead of May Ex-Date
Gerdau S.A. lifted its quarterly dividend to $0.036 per share, giving GGB a forward annual yield of 3.2% based on the locked share-price data.
Income Calculator
At $0.15 / yr per share
