Schnitzer Board Declares Quarterly Dividend
PORTLAND, Ore., Jan 24, 2011 (BUSINESS WIRE) --
The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq:SCHN)
declared a cash dividend of $0.017 per common share, payable on February
17, 2011, to shareholders of record on February 3, 2011. Schnitzer has
paid a dividend every quarter since going public in November 1993.
About Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and
exporters of recycled ferrous metal products in the United States with
52 operating facilities located in 14 states, Puerto Rico and Western
Canada. The business has seven deep water export facilities located on
both the East and West Coasts and in Hawaii and Puerto Rico. The
Company's integrated operating platform also includes its auto parts and
steel manufacturing businesses. The Company's auto parts business sells
used auto parts through its 46 self-service facilities located in 14
states and Western Canada. With an effective annual production capacity
of approximately 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 105th
year of operations in fiscal 2011.
SOURCE: Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc.
Investor Relations:
Alexandra Deignan, 646-278-9711
adeignan@schn.com
or
Media Relations:
Chip Terhune, 503-265-6370
cterhune@schn.com
or
www.schnitzersteel.com
ir@schn.com