Russel Metals Declares 81st Consecutive Quarterly Common Share Dividend

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Russel Metals Inc. has declared a dividend of CA$0.38 per share, marking the 81st consecutive quarterly dividend. This dividend will be paid on June 15, 2022, to shareholders on record as of May 27, 2022. Russel Metals operates as one of the largest metals distribution companies in North America, focusing on metals service centers, energy products, and steel distribution. The company's extensive network provides a wide range of metal products, highlighting its commitment to value-added processing.

Positive

• Declared a dividend of CA$0.38 per share, enhancing shareholder returns.
• 81st consecutive quarterly dividend demonstrates consistent performance.

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• None.

TORONTO, May 3, 2022 /PRNewswire/ - Russel Metals Inc. (TSX: RUS) announces that it has declared a dividend in the amount of CA$0.38 per share on its common shares, payable on June 15, 2022 to shareholders of record at the close of business on May 27, 2022. 

About Russel Metals 
Russel Metals is one of the largest metals distribution companies in North America, with a growing focus on value-added processing. It carries on business in three segments: metals service centers, energy products and steel distributors. Its network of metals service centers carries an extensive line of metal products in a wide range of sizes, shapes and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum and other non-ferrous specialty metals. Its energy products operations carry a specialized product line focused on the needs of energy industry customers.  Its steel distributors operations act as master distributors selling steel in large volumes to other steel service centers and large equipment manufacturers mainly on an "as is" basis.

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SOURCE Russel Metals Inc.

FAQ

What is the dividend amount declared by Russel Metals?

Russel Metals has declared a dividend of CA$0.38 per share.

When will the dividend be paid?

The dividend will be paid on June 15, 2022.

What is the record date for the dividend?

The record date for the dividend is May 27, 2022.

How many consecutive quarterly dividends has Russel Metals declared?

Russel Metals has declared 81 consecutive quarterly dividends.