News Releases
Schnitzer Steel Board Declares Quarterly Dividend
PORTLAND, Ore.--(BUSINESS WIRE)--Aug. 3, 2009--
The Board of Directors of Schnitzer Steel Industries, Inc. (NASDAQ:SCHN)
declared a cash dividend of $0.017 per common share, payable on August
31, 2009, to shareholders of record on August 17, 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 39 self-service facilities and 18 full-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 103rd
year of operations in fiscal 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