News Releases
Schnitzer Steel Board Declares Quarterly Dividend
PORTLAND, Ore.--(BUSINESS WIRE)--May. 4, 2009--
The Board of Directors of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)
declared a cash dividend of $0.017 per common share, payable on June 1,
2009, to shareholders of record on May 18, 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 throughout the country,
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 39 self-service facilities and 18 full-service
facilities located in 16 states and in western Canada. With an annual
production capacity of over 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
103rd year of operations in 2009.
Source: Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc.
Investor Relations Contact:
Rob
Stone, 503-224-9900
or
Press Relations Contact:
Tom
Zelenka, 503-323-2821
ir@schn.com
www.schnitzersteel.com