Commercial Metals Company Announces Quarterly Dividend Of $0.14 Per Share

Rhea-AI Summary

On March 16, 2022, Commercial Metals Company (NYSE: CMC) declared a quarterly cash dividend of $0.14 per share, marking the company's 230th consecutive quarterly dividend. The dividend will be distributed on April 13, 2022, to shareholders on record as of March 30, 2022. CMC operates a network of facilities including seven electric arc furnace mini mills and recycling centers in the United States and Poland, focusing on steel and metal products.

Positive

• Declaring a quarterly cash dividend of $0.14 per share indicates strong financial stability.
• Continuity with the 230th consecutive dividend exemplifies consistent shareholder returns.

Negative

• None.

IRVING, Texas, March 16, 2022 /PRNewswire/ -- Today, March 16, 2022, the board of directors of Commercial Metals Company (NYSE: CMC) ("CMC") declared a regular quarterly cash dividend of $0.14 per share of CMC common stock. CMC's 230th consecutive quarterly dividend will be paid on April 13, 2022, to stockholders of record as of the close of business on March 30, 2022.

About Commercial Metals Company

Commercial Metals Company 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.

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SOURCE Commercial Metals Company

FAQ

When is the dividend payment date for CMC?

The dividend payment date for CMC is April 13, 2022.

What is the amount of the dividend declared by CMC?

The amount of the dividend declared by CMC is $0.14 per share.

Who are the shareholders eligible for the CMC dividend?

Shareholders of record as of March 30, 2022, are eligible for the CMC dividend.

How many consecutive dividends has CMC paid?

CMC has paid 230 consecutive quarterly dividends.