Insteel Industries Declares Quarterly Cash Dividend
Insteel Industries (NYSE: IIIN), the largest U.S. manufacturer of steel wire reinforcing products for concrete construction, has declared a quarterly cash dividend of $0.03 per share. The dividend is payable on September 27, 2024, to shareholders of record as of September 13, 2024.
Insteel specializes in prestressed concrete strand and welded wire reinforcement products, primarily serving manufacturers in the nonresidential construction sector. The company operates ten manufacturing facilities across the United States and is headquartered in Mount Airy, North Carolina.
Insteel Industries (NYSE: IIIN), il principale produttore statunitense di prodotti in filo d'acciaio per il rinforzo del calcestruzzo, ha dichiarato un dividendo in contante trimestrale di $0.03 per azione. Il dividendo sarà pagato il 27 settembre 2024 agli azionisti registrati al 13 settembre 2024.
Insteel si specializza in fili precompresso per calcestruzzo e prodotti di rinforzo in filo saldato, servendo principalmente produttori nel settore delle costruzioni non residenziali. L'azienda gestisce dieci stabilimenti di produzione negli Stati Uniti ed ha sede a Mount Airy, Carolina del Nord.
Insteel Industries (NYSE: IIIN), el mayor fabricante estadounidense de productos de refuerzo de alambre de acero para la construcción de concreto, ha declarado un dividendo en efectivo trimestral de $0.03 por acción. El dividendo se pagará el 27 de septiembre de 2024 a los accionistas registrados a partir del 13 de septiembre de 2024.
Insteel se especializa en cables de concreto pretensado y productos de refuerzo de alambre soldado, sirviendo principalmente a fabricantes en el sector de la construcción no residencial. La compañía opera diez instalaciones de fabricación en todo Estados Unidos y tiene su sede en Mount Airy, Carolina del Norte.
인스틸 산업(Insteel Industries) (NYSE: IIIN)는 콘크리트 건설을 위한 강철 와이어 보강 제품의 미국 최대 제조업체로, 주당 $0.03의 분기 현금 배당금을 선언했습니다. 이 배당금은 2024년 9월 27일에 지급되며, 2024년 9월 13일 기준 주주에게 지급됩니다.
인스틸은 프리스트레스트 콘크리트 스트랜드 및 용접 와이어 보강 제품을 전문으로 하며, 주로 비주거 건설 부문의 제조업체에게 서비스를 제공합니다. 회사는 미국 전역에 10개의 제조 시설를 운영하며, 노스캐롤라이나주 마운트 에어리에 본사를 두고 있습니다.
Insteel Industries (NYSE: IIIN), le plus grand fabricant américain de produits en acier pour le renforcement du béton, a déclaré un dividende en espèces trimestriel de 0,03 $ par action. Le dividende sera versé le 27 septembre 2024 aux actionnaires inscrits au 13 septembre 2024.
Insteel se spécialise dans les câbles en béton précontraint et les produits de renforcement en fil soudé, servant principalement des fabricants dans le secteur de la construction non résidentielle. L'entreprise exploite dix usines de fabrication à travers les États-Unis et a son siège à Mount Airy, Caroline du Nord.
Insteel Industries (NYSE: IIIN), der größte US-Hersteller von Stahlseil-Verstärkungsprodukten für den Betonbau, hat eine vierteljährliche Barausschüttung von 0,03 $ pro Aktie erklärt. Die Dividende wird am 27. September 2024 an Aktionäre ausgezahlt, die am 13. September 2024 registriert sind.
Insteel spezialisiert sich auf vorgespannte Betonstränge und geschweißte Drahtverstärkungsprodukte und bedient hauptsächlich Hersteller im Bereich des nichtwohnlichen Bauens. Das Unternehmen betreibt zehn Produktionsstätten in den Vereinigten Staaten und hat seinen Hauptsitz in Mount Airy, North Carolina.
- Regular quarterly dividend maintained, indicating financial stability
- Leading market position as the largest U.S. manufacturer in its sector
- Diverse product portfolio catering to concrete construction applications
- Established presence with ten manufacturing facilities across the U.S.
- Low dividend amount of $0.03 per share may not be attractive to income-focused investors
- Heavy reliance on nonresidential construction sector could expose the company to cyclical risks
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
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
IIIN - D
View source version on businesswire.com: https://www.businesswire.com/news/home/20240813347552/en/
Scot Jafroodi
Vice President,
Chief Financial Officer and Treasurer
Insteel Industries Inc.
(336) 786-2141
Source: Insteel Industries Inc.
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