Schnitzer Steel Board Declares Quarterly Dividend
Business Wire
Nov 02, 2009
The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq:SCHN)
declared a cash dividend of $0.017 per common share, payable on November
30, 2009, to shareholders of record on November 16, 2009. Schnitzer has
paid a dividend every quarter since going public in November 1993.
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and
exporters of recycled ferrous metal products in the United States with
42 operating facilities located in 13 states and Puerto Rico, including
seven export facilities located on both the East and West Coasts and in
Hawaii and Puerto Rico. The Company’s vertically integrated operating
platform also includes its auto parts and steel manufacturing
businesses. The Company’s auto parts business sells used auto parts
through its 43 self-service facilities located in 14 states and in
western Canada. With an annual production capacity of nearly 800,000
tons, the Company’s steel manufacturing business produces finished steel
products, including rebar, wire rod and other specialty products. The
Company commenced its 104th year of operations in fiscal 2010.
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