MOUNT AIRY, N.C., Nov. 14, 2018 /PRNewswire/ -- Insteel
Industries, Inc. (NasdaqGS: IIIN) today announced that its board of
directors declared a quarterly cash dividend of $0.03 per share on the Company's common stock
payable on January 4, 2019 to
shareholders of record as of December 14,
2018.
"Our board of directors evaluates a broad range of factors when
considering the declaration and payment of regular and special
dividends, including potential funding requirements for growth
opportunities and capital outlays in addition to our financial
condition and business outlook," 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 primarily to manufacturers of concrete
products that are used in nonresidential construction.
Headquartered in Mount Airy, North
Carolina, Insteel operates ten manufacturing facilities
located in the United States.
IIIN - D
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SOURCE Insteel Industries, Inc.