Commercial Metals Company Announces Quarterly Dividend Of $0.12 Per Share

Rhea-AI Summary

On June 16, 2020, Commercial Metals Company (NYSE: CMC) announced a quarterly cash dividend of $0.12 per share, reflecting its 223rd consecutive quarterly dividend. The dividend is payable to stockholders of record by July 6, 2020, with payment scheduled for July 20, 2020. This decision highlights CMC's commitment to returning value to its shareholders. The company operates numerous facilities, including electric arc furnace mini mills and recycling plants across the United States and Poland.

Positive

• Declared a quarterly dividend of $0.12 per share, enhancing returns for shareholders.
• 223rd consecutive quarterly dividend reflects company stability and commitment to shareholders.

Negative

• None.

News Market Reaction – CMC

+7.36%

+7.36% Session move

In the trading session that priced this news, CMC gained 7.36%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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IRVING, Texas, June 16, 2020 /PRNewswire/ -- On June 16, 2020, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.12 per share of CMC common stock. The dividend is payable to stockholders of record as of the close of business on July 6, 2020. The dividend will be paid on July 20, 2020. This cash dividend reflects CMC's 223^nd consecutive quarterly dividend.

About Commercial Metals Company

Commercial Metals Company and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network of facilities that includes seven electric arc furnace ("EAF") mini mills, two EAF micro mills, two rerolling mills, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland.

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SOURCE Commercial Metals Company

FAQ

What is the dividend amount announced by CMC?

The dividend amount announced by CMC is $0.12 per share.

When is the dividend payment date for CMC?

The dividend payment date for CMC is July 20, 2020.

What is the record date for CMC's dividend?

The record date for CMC's dividend is July 6, 2020.

How many consecutive quarterly dividends has CMC paid?

CMC has paid 223 consecutive quarterly dividends.

What operations does CMC engage in?

CMC manufactures, recycles, and markets steel and metal products through various facilities.