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Insteel Industries Declares Quarterly Cash Dividend

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Insteel Industries (NYSE: IIIN), the largest U.S. manufacturer of steel wire reinforcing products for concrete construction, has announced a quarterly cash dividend of $0.03 per share of common stock. The dividend is payable on September 29, 2023, to shareholders of record as of September 15, 2023.

Insteel specializes in manufacturing prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement. The company's products are primarily sold to manufacturers of concrete products used in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities across the United States.

Insteel Industries (NYSE: IIIN), il più grande produttore statunitense di prodotti in acciaio per il rinforzo del calcestruzzo, ha annunciato un dividendo in contante trimestrale di $0.03 per azione di azioni ordinarie. Il dividendo sarà pagabile il 29 settembre 2023 agli azionisti registrati a partire dal 15 settembre 2023.

Insteel si specializza nella produzione di cordoni in calcestruzzo precompresso e rinforzi in filo saldato, inclusi reticoli strutturali ingegnerizzati, rinforzo per tubi in calcestruzzo e rinforzo standard in filo saldato. I prodotti dell'azienda sono principalmente venduti ai produttori di prodotti in calcestruzzo utilizzati nella costruzione non residenziale. Con sede a Mount Airy, Carolina del Nord, Insteel gestisce dieci stabilimenti di produzione negli Stati Uniti.

Insteel Industries (NYSE: IIIN), el mayor fabricante estadounidense de productos de refuerzo de alambre de acero para la construcción de concreto, ha anunciado un dividendo en efectivo trimestral de $0.03 por acción de acciones ordinarias. El dividendo se pagará el 29 de septiembre de 2023, a los accionistas registrados al 15 de septiembre de 2023.

Insteel se especializa en la fabricación de cordones de concreto pretensado y refuerzos de alambre soldado, incluyendo mallas estructurales diseñadas, refuerzo para tuberías de concreto y refuerzo estándar de alambre soldado. Los productos de la compañía se venden principalmente a los fabricantes de productos de concreto utilizados en la construcción no residencial. Con sede en Mount Airy, Carolina del Norte, Insteel opera diez instalaciones de fabricación en los Estados Unidos.

Insteel Industries (NYSE: IIIN)은 미국 내 콘크리트 건설용 강철 와이어 보강 제품의 최대 제조업체로, 분기 현금 배당금으로 주당 $0.03의 배당금을 발표했습니다. 이 배당금은 2023년 9월 29일에 지급되며, 2023년 9월 15일 기준 주주에게 지급됩니다.

Insteel은 프리스트레스트 콘크리트 스트랜드 및 용접 와이어 보강재를 전문으로 하며, 엔지니어링한 구조물 메쉬, 콘크리트 파이프 보강재 및 표준 용접 와이어 보강재를 포함합니다. 회사의 제품은 비주거 건설에 사용되는 콘크리트 제품의 제조업체에 주로 판매됩니다. 노스캐롤라이나주 마운트 에어리에 본사를 두고 있으며, Insteel은 미국 전역에 10개의 제조 시설을 운영하고 있습니다.

Insteel Industries (NYSE: IIIN), le plus grand fabricant américain de produits de renforcement en acier pour le béton, a annoncé un dividende trimestriel en espèces de 0,03 $ par action d'actions ordinaires. Le dividende sera payable le 29 septembre 2023, aux actionnaires inscrits au 15 septembre 2023.

Insteel se spécialise dans la fabrication de câbles en béton précontraint et de renforts en fil soudé, y compris des mailles structurelles conçues, des renforts pour tuyaux en béton et des renforts standards en fil soudé. Les produits de l'entreprise sont principalement vendus aux fabricants de produits en béton utilisés dans la construction non résidentielle. Siège à Mount Airy, en Caroline du Nord, Insteel possède dix installations de fabrication à travers les États-Unis.

Insteel Industries (NYSE: IIIN), der größte US-Hersteller von Stahlträgerprodukten für die Betonbau, hat eine vierteljährliche Bardividende von 0,03 $ pro Aktie der Stammaktien angekündigt. Die Dividende ist am 29. September 2023 zur Auszahlung fällig, an die Aktionäre, die am 15. September 2023 im Aktienregister standen.

Insteel ist auf die Herstellung von vorgespannten Betonsträngen und geschweißten Drahtverstärkungen spezialisiert, einschließlich ingenieurtechnisch gestalteter Strukturmaschen, Betonrohrverstärkungen und Standard geschweißten Drahtverstärkungen. Die Produkte des Unternehmens werden hauptsächlich an Hersteller von Betonprodukten verkauft, die im nichtwohnlichen Bau verwendet werden. Der Hauptsitz von Insteel befindet sich in Mount Airy, North Carolina, und das Unternehmen betreibt zehn Produktionsstätten in den Vereinigten Staaten.

Positive
  • Regular quarterly dividend payment of $0.03 per share
  • Largest U.S. manufacturer of steel wire reinforcing products for concrete construction
  • Operates ten manufacturing facilities across the United States
Negative
  • None.

MOUNT AIRY, N.C.--(BUSINESS WIRE)-- Insteel Industries Inc. (NYSE: IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share of common stock payable on September 29, 2023, to shareholders of record as of September 15, 2023.

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 primarily in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities located in the United States.

Forward-Looking Statements and Risk Factors

This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not descriptions of historical facts are forward-looking statements that are based on our current expectations and may include commentary on our plans, financial position, liquidity, and other business developments. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future results could differ materially from those described, and we do not undertake and specifically decline any obligation to correct or update any forward-looking statements. For further information regarding risk factors that could affect our operations and future results, refer to our reports filed with the U.S. Securities and Exchange Commission, including our annual report on Form 10-K for the year ended October 1, 2022.

IIIN - D

Scot Jafroodi

Vice President,

Chief Financial Officer and Treasurer

Insteel Industries Inc.

(336) 786-2141

Source: Insteel Industries Inc.

FAQ

What is the amount of Insteel Industries' (IIIN) quarterly dividend for September 2023?

Insteel Industries (IIIN) has declared a quarterly cash dividend of $0.03 per share of common stock for September 2023.

When is the payment date for Insteel Industries' (IIIN) latest dividend?

The dividend is payable on September 29, 2023, to shareholders of record as of September 15, 2023.

What are the main products manufactured by Insteel Industries (IIIN)?

Insteel Industries (IIIN) manufactures prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement.

How many manufacturing facilities does Insteel Industries (IIIN) operate in the United States?

Insteel Industries (IIIN) operates ten manufacturing facilities located in the United States.

Insteel Industries, Inc.

NYSE:IIIN

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584.15M
19.45M
5.35%
85.15%
1.44%
Metal Fabrication
Steel Works, Blast Furnaces & Rolling & Finishing Mills
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United States of America
MOUNT AIRY