Russel Metals Declares 80th Consecutive Quarterly Common Share Dividend

Russel Metals has declared a dividend of CA$0.38 per share, marking its 80th consecutive quarterly payout, payable on March 15, 2022, to shareholders on record by February 28, 2022.

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Rhea-AI Summary

Russel Metals has declared a dividend of CA$0.38 per share, marking its 80th consecutive quarterly payout, payable on March 15, 2022, to shareholders on record by February 28, 2022. As one of North America's largest metals distributors, Russel Metals operates through three main segments: metals service centers, energy products, and steel distributors. The company emphasizes value-added processing, providing a diverse range of metal products, including steel, aluminum, and non-ferrous metals.

Positive

Declared a dividend of CA$0.38 per share, reinforcing income for shareholders.
Marks the 80th consecutive quarterly dividend, showcasing company stability.

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None.

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02/10/2022 - 05:03 PM EST

TORONTO, Feb. 10, 2022 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on March 15, 2022 to shareholders of record at the close of business on February 28, 2022.

About Russel Metals
Russel Metals is one of the largest metals distribution companies in North America, with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy products and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals. Its energy products operations carry a specialized product line focused on the needs of energy industry customers. Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers mainly on an "as is" basis.

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View original content:https://www.prnewswire.com/news-releases/russel-metals-declares-80th-consecutive-quarterly-common-share-dividend-301480231.html

SOURCE Russel Metals Inc.

FAQ

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What is the dividend amount declared by Russel Metals?

Russel Metals declared a dividend of CA$0.38 per share.

When is the dividend payable?

The dividend is payable on March 15, 2022.

What is the record date for the dividend?

The record date for the dividend is February 28, 2022.

How many consecutive quarterly dividends has Russel Metals paid?

Russel Metals has paid 80 consecutive quarterly dividends.

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Russel Metals Declares 80th Consecutive Quarterly Common Share Dividend