Russel Metals Declares 82nd Consecutive Quarterly Common Share Dividend

Rhea-AI Summary

Russel Metals Inc. has announced a dividend of CA$0.38 per share on its common shares, scheduled for payment on September 15, 2022. Shareholders of record by close of business on August 29, 2022 will be eligible. This marks the 82nd consecutive quarterly dividend declared by the company, showcasing its commitment to returning value to shareholders. Russel Metals operates primarily in the metals distribution sector with a focus on value-added processing.

Positive

• Declared a dividend of CA$0.38 per share.
• 82nd consecutive quarterly dividend, indicating strong business stability and commitment to shareholders.

Negative

• None.

TORONTO, Aug. 10, 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 September 15, 2022 to shareholders of record at the close of business on August 29, 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.

If you would like to unsubscribe from receiving Press Releases, you may do so by emailing info@russelmetals.com; or by calling our Investor Relations Line: 905-816-5178.

View original content:https://www.prnewswire.com/news-releases/russel-metals-declares-82nd-consecutive-quarterly-common-share-dividend-301603613.html

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 is the dividend payable to shareholders?

The dividend is payable on September 15, 2022.

What is the record date for the dividend?

The record date for the dividend is August 29, 2022.

How many consecutive quarterly dividends has Russel Metals declared?

Russel Metals has declared its 82nd consecutive quarterly dividend.

What sectors does Russel Metals operate in?

Russel Metals operates in metals service centers, energy products, and steel distribution.