CMC Announces Quarterly Dividend of $0.18 Per Share

Rhea-AI Summary

On June 19, 2024, Commercial Metals Company (NYSE: CMC) announced its 239th consecutive quarterly cash dividend of $0.18 per share. The dividend will be paid on July 10, 2024, to shareholders of record by the close of business on July 1, 2024. CMC, known for its innovative solutions in the construction sector, operates an extensive manufacturing network in the U.S. and Central Europe, providing products that meet the reinforcement needs of various construction applications, including infrastructure, residential, and energy projects.

Positive

• 239th consecutive quarterly dividend demonstrates financial stability.
• Quarterly dividend of $0.18 per share reflects shareholder value distribution.

Negative

• None.

News Market Reaction – CMC

+3.80%

+3.80% Session move

In the trading session that priced this news, CMC gained 3.80%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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IRVING, Texas, June 19, 2024 /PRNewswire/ -- Today, June 19, 2024, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE: CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC's 239th consecutive quarterly dividend will be paid on July 10, 2024, to stockholders of record as of the close of business on July 1, 2024. 

About CMC

CMC is an innovative solutions provider helping build a stronger, safer and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, CMC offers products and technologies to meet the critical reinforcement needs of the global construction sector. CMC's solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial and energy generation and transmission.

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SOURCE Commercial Metals Company

FAQ

What is the dividend per share announced by CMC on June 19, 2024?

CMC announced a quarterly cash dividend of $0.18 per share on June 19, 2024.

When will CMC pay the announced dividend?

CMC will pay the dividend on July 10, 2024.

Who is eligible for the CMC dividend announced in June 2024?

Shareholders of record as of the close of business on July 1, 2024, are eligible for the dividend.

How many consecutive quarterly dividends has CMC declared?

CMC has declared 239 consecutive quarterly dividends.