Commercial Metals Company Announces a 14% Increase in Quarterly Dividend

(Neutral)

Rhea-AI Summary

On October 11, 2022, Commercial Metals Company (CMC) announced the declaration of a quarterly cash dividend of $0.16 per share, marking a 14% increase from the previous dividend of July 2022. This represents CMC's 232nd consecutive quarterly dividend. The dividend will be paid on November 10, 2022, to stockholders of record as of the close of business on October 27, 2022. CMC specializes in manufacturing, recycling, and fabricating steel and metal products across the U.S. and Poland.

Positive

Dividend increased by $0.02 to $0.16 per share, indicating strong financial health.
232nd consecutive quarterly dividend demonstrates consistent performance and shareholder commitment.

Negative

None.

News Market Reaction – CMC

+0.68%

+0.68% Session move

In the trading session that priced this news, CMC gained 0.68%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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10/11/2022 - 08:34 AM

IRVING, Texas , Oct. 11, 2022 /PRNewswire/ -- Today, October 11, 2022, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.16 per share of CMC common stock, an increase of $0.02, or 14%, from the dividend paid in July 2022. CMC's 232nd consecutive quarterly dividend will be paid on November 10, 2022, to stockholders of record as of the close of business on October 27, 2022.

About Commercial Metals Company

CMC and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace ("EAF") mini mills, two EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses and metal recycling facilities in the United States and Poland. Through our Tensar operations, CMC is a leading global provider of innovative ground and soil stabilization solutions selling into more than 80 national markets through two major product lines: Tensar® geogrids and Geopier® foundation systems.

View original content:https://www.prnewswire.com/news-releases/commercial-metals-company-announces-a-14-increase-in-quarterly-dividend-301645960.html

SOURCE Commercial Metals Company

FAQ

What is the new dividend amount for CMC?

The new dividend amount for Commercial Metals Company (CMC) is $0.16 per share.

When will the CMC dividend be paid?

The CMC dividend will be paid on November 10, 2022.

What was the percentage increase in CMC's dividend?

CMC's dividend increased by 14% from the previous amount.

What is the record date for the CMC dividend?

The record date for the CMC dividend is October 27, 2022.