ArcelorMittal Shareholders Back All Proposals at May 5 General Meetings

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2026.05.06 17:19
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ArcelorMittal held its Annual General Meeting on May 5, 2026, where shareholders approved all proposals, including a $0.60 per share dividend and the re-election of directors. The decisions enhance the company's capital management flexibility, allowing for share buybacks and adjustments to share capital. Analysts rate MT stock as a Hold with a $60.00 price target, reflecting solid financial resilience but modest profitability. ArcelorMittal, a leading steel and mining group, focuses on sustainable steelmaking processes and generated $61.4 billion in revenue in 2025.