Insteel Industries Declares Quarterly Cash Dividend
Insteel Industries announced a quarterly cash dividend of $0.03 per share on February 16, 2021. This dividend will be payable on March 26, 2021 to shareholders on record as of March 12, 2021. Insteel, the largest manufacturer of steel wire reinforcing products for concrete construction, operates ten manufacturing facilities across the United States. The company focuses primarily on the nonresidential construction market, serving manufacturers of concrete products and contractors.
- Quarterly cash dividend of $0.03 per share boosts shareholder income.
- Demonstrates company confidence in financial stability.
- None.
MOUNT AIRY, N.C., Feb. 16, 2021 /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 and concrete contractors for use, primarily, in nonresidential construction applications. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities located in the United States.
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SOURCE Insteel Industries, Inc.
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