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.
News Market Reaction – IIIN
In the trading session that priced this news, IIIN declined 3.11%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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.
IIIN - D
View original content to download multimedia:http://www.prnewswire.com/news-releases/insteel-industries-declares-quarterly-cash-dividend-301113128.html
SOURCE Insteel Industries, Inc.