Insteel Industries Declares Regular Quarterly and Special Cash Dividends
Insteel Industries (NYSE: IIIN) has declared two dividends: a regular quarterly cash dividend of $0.03 per share and a special cash dividend of $1.00 per share. Both dividends will be payable on December 13, 2024, to shareholders of record as of November 29, 2024. The company remains debt-free and plans to continue its share buyback program while pursuing growth opportunities. Insteel is the largest U.S. manufacturer of steel wire reinforcing products for concrete construction applications, operating twelve manufacturing facilities nationwide.
Insteel Industries (NYSE: IIIN) ha dichiarato due dividendi: un dividendo regolare in contante trimestrale di $0,03 per azione e un dividendo speciale in contante di $1,00 per azione. Entrambi i dividendi saranno pagabili il 13 dicembre 2024, agli azionisti registrati al 29 novembre 2024. L'azienda rimane senza debiti e prevede di continuare il suo programma di riacquisto delle azioni, cercando opportunità di crescita. Insteel è il maggior produttore statunitense di prodotti in acciaio per il rinforzo del calcestruzzo, con dodici stabilimenti di produzione in tutto il paese.
Insteel Industries (NYSE: IIIN) ha declarado dos dividendos: un dividendo en efectivo trimestral habitual de $0.03 por acción y un dividendo en efectivo especial de $1.00 por acción. Ambos dividendos se pagarán el 13 de diciembre de 2024 a los accionistas registrados a partir del 29 de noviembre de 2024. La empresa se mantiene libre de deudas y planea continuar su programa de recompra de acciones mientras busca oportunidades de crecimiento. Insteel es el mayor fabricante estadounidense de productos de alambre de acero para aplicaciones de construcción de concreto, operando doce instalaciones de fabricación en todo el país.
인스틸 인더스트리 (NYSE: IIIN)는 두 가지 배당금을 선언했습니다: 주당 $0.03의 정기 분기 현금 배당금과 주당 $1.00의 특별 현금 배당금입니다. 두 배당금 모두 2024년 12월 13일에 2024년 11월 29일 기준 주주에게 지급될 예정입니다. 이 회사는 부채가 없으며 성장 기회를 추구하며 자사주 매입 프로그램을 계속할 계획입니다. 인스틸은 콘크리트 건축 응용 제품을 위한 미국 최대의 강철 와이어 보강 제품 제조업체로, 전국적으로 12개의 제조 시설을 운영하고 있습니다.
Insteel Industries (NYSE: IIIN) a déclaré deux dividendes : un dividende en espèces ordinaire trimestriel de $0,03 par action et un dividende en espèces spécial de $1,00 par action. Les deux dividendes seront payables le 13 décembre 2024 aux actionnaires inscrits au 29 novembre 2024. L'entreprise reste sans dette et prévoit de poursuivre son programme de rachat d'actions tout en recherchant des opportunités de croissance. Insteel est le plus grand fabricant américain de produits en acier pour le renforcement des structures en béton, exploitant douze installations de fabrication à travers le pays.
Insteel Industries (NYSE: IIIN) hat zwei Dividenden erklärt: eine reguläre vierteljährliche Bardividende von $0,03 pro Aktie und eine Sonderbardividende von $1,00 pro Aktie. Beide Dividenden werden am 13. Dezember 2024 an die zum 29. November 2024 registrierten Aktionäre ausgezahlt. Das Unternehmen ist schuldenfrei und plant, sein Aktienrückkaufprogramm fortzusetzen, während es Wachstumschancen verfolgt. Insteel ist der größte US-Hersteller von Stahl-Drahtverstärkungsprodukten für Anwendungen in der Betonbauindustrie und betreibt landesweit zwölf Produktionsanlagen.
- Declaration of $1.00 per share special dividend
- Company maintains debt-free status
- Ongoing share buyback program
- Market leadership position in steel wire reinforcing products
- Strong financial flexibility for growth opportunities
- None.
“We are pleased to announce that we are once again declaring a special dividend. We continue to believe this approach is an effective method to distribute value to our shareholders while allowing us to maintain ample financial flexibility. Looking ahead to 2025, we remain debt-free and are well-positioned to pursue growth opportunities as they arise, while continuing our share buyback program as appropriate,” commented H.O. Woltz III, Insteel’s President and CEO.
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 to manufacturers of concrete products that are used 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/20241112262795/en/
Scot Jafroodi
Vice President,
Chief Financial Officer and Treasurer
Insteel Industries Inc.
(336) 786-2141
Source: Insteel Industries Inc.
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