Insteel Industries Declares Quarterly Cash Dividend

Rhea-AI Summary

Insteel Industries, Inc. (NasdaqGS: IIIN) declared a quarterly cash dividend of $0.03 per share, scheduled for payment on September 25, 2020. Shareholders on record as of September 11, 2020, will receive this dividend. As the largest manufacturer of steel wire reinforcing products in the U.S., Insteel serves nonresidential construction markets from its ten manufacturing facilities. This dividend reflects the company's commitment to returning value to shareholders.

Positive

• Declared a quarterly cash dividend of $0.03 per share.
• Demonstrates commitment to returning value to shareholders.

Negative

• None.

MOUNT AIRY, N.C., Aug. 18, 2020 /PRNewswire/ -- Insteel Industries, Inc. (NasdaqGS: IIIN) today announced that its Board of Directors declared a quarterly cash dividend of $0.03 per share of common stock, payable on September 25, 2020, to shareholders of record as of the close of business on September 11, 2020. 

About Insteel

Insteel is the nation's largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel's products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities located in the United States.

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SOURCE Insteel Industries, Inc.

FAQ

What is the dividend amount declared by IIIN?

Insteel Industries declared a dividend of $0.03 per share.

When is the IIIN dividend payment date?

The dividend will be paid on September 25, 2020.

What is the record date for the IIIN dividend?

The record date for the dividend is September 11, 2020.

How often does Insteel Industries pay dividends?

Insteel Industries pays dividends quarterly.