About Universal Stainless & Alloy Products, Inc. (USAP) — Dividend Analysis 2026
Universal Stainless & Alloy Products, Inc., together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. Its products include stainless steel, nickel alloys, tool steel, and various other alloyed steels. The company offers semi-finished and finished long products in the form of ingots, billets, and bars; flat rolled products, such as slabs and plates; and customized shapes primarily for original equipment manufacturers (OEMs), which are cold rolled from purchased coiled strip, flat bar, or extruded bar. It also offers conversion services on materials supplied by its customers. The company's products are used in aerospace, power generation, oil and gas, heavy equipment, general, and industrial markets. It sells its products to service centers, forgers, rerollers, and OEMs. Universal Stainless & Alloy Products, Inc. was incorporated in 1994 and is headquartered in Bridgeville, Pennsylvania.
Is USAP a good dividend investment in 2026?
USAP offers a 4.45% forward yield with a 50% payout ratio. Strand Safety Score: 45/100 (Moderate Risk). The 5-year dividend CAGR of 0% is modest — investors should weigh current income against growth alternatives.
USAP DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your USAP portfolio grows to $15.4K vs $14.4K without reinvestment. This is the compound interest effect in action.
USAP dividend growth history & forecast
USAP has grown its dividend by 0% over the last year and 0% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 4.45%.
FCF ($12M) is below dividends paid ($19M) — risk of cut (FCF: $12M · Dividends est.: $19M)
Debt Leverage0.0× Debt/EBITDA
30 / 30 pts
30/30
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+0.0B → -0.0B → -0.0B
15 / 30 pts
15/30
Net income grew in the latest year — positive but trend is unconfirmed
OVERALL ASSESSMENT
Dividend at moderate risk — monitor coverage and debt closely.
STRAND SCORE
45
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 USAP Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold USAP.
Gross yield
4.45%
Tax rate
15.00%
After-tax yield
3.78%
Real yield (−CPI)
0.98%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
4.45%
1.65%
$445 / yr
🇺🇸 US Taxable (15%) ✓
15%
3.78%
0.98%
$378 / yr
🇺🇸 US Taxable (20%)
20%
3.56%
0.76%
$356 / yr
🇬🇧 UK ISA
0%
4.45%
1.65%
$445 / yr
🇬🇧 UK Taxable
8.75%
4.06%
1.26%
$406 / yr
🇨🇦 TFSA
0%
4.45%
1.65%
$445 / yr
🇨🇦 CA Taxable
25%
3.34%
0.54%
$334 / yr
🇦🇺 Super (pension)
15%
3.78%
0.98%
$378 / yr
🇦🇺 AU Taxable
30%
3.11%
0.31%
$311 / yr
🇩🇪 DE Taxable
26.375%
3.28%
0.48%
$328 / yr
🇫🇷 FR Taxable
30%
3.11%
0.31%
$311 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 USAP Income Goal & Break-Even
Dividend Break-Even
27yr
Years for dividends to fully repay your USAP investment of $44.99/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$4.5K
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$2.0K
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in USAP for:
Shares needed
14,118
Capital required
$635,169
Monthly income
$2,000
Based on current dividend of $2.00/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 USAP Dividend Payment Schedule
USAP pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$4.25 / payment
$17.00 / year after tax
100 shares
$42.50 / payment
$170.00 / year after tax
1,000 shares
$425.00 / payment
$1700.00 / year after tax
📊 USAP vs S&P 500 Average Benchmarks
How USAP compares to typical S&P 500 Average averages. (Sector "Basic Materials" not matched — using S&P 500 average)
Benchmark: S&P 500 Average
Dividend Yield▲+1.45% vs sectorBetter
USAP
4.45%
avg
3.00%
5Y Dividend CAGR▼-5.50% vs sectorBelow avg
USAP
0.00%
avg
5.50%
Payout Ratio▲-8.00% vs sectorBetter
USAP
50.00%
avg
58.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for USAP sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ USAP Insider Activity
When executives buy their own stock, it's a signal they believe in the dividend's sustainability.
Insider
Title
Type
Date
Shares
Price
Total Value
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
55,364
$45.00
$2.49M
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
4,500
$19.41
$87.3K
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
14,446
—
—
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
5,466
—
—
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
4,500
$14.75
$66.4K
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
3,000
$20.29
$60.9K
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
5,500
$14.39
$79.1K
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
5,500
$6.42
$35.3K
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
5,500
$9.35
$51.4K
McIntosh Graham
officer: Executive VP & Chief Technolog
D-Return
2025-01-23
7,500
$11.18
$83.8K
Insider transactions sourced from SEC Form 4 filings via Financial Modeling Prep. See disclaimer.
🎯
Analyst Price Target
Wall Street consensus
Current Price
$44.99
Analyst Target
$36.00
Upside / Downside
-20.0%
Range
$36.00 – $36.00
💡 If USAP reaches the analyst target of $36.00, investors buying today at $44.99 would see an effective yield of 5.56% on shares purchased at target price — vs 4.45% at current price.
Analyst consensus price target via FMP. Not a guarantee of future performance. Past analyst accuracy varies.
🔬
Financial Health Scores
Altman Z-Score
4.49
✅ Safe Zone — low bankruptcy risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
8/9
✅ Strong fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the USAP dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →