Schnitzer Board Declares Quarterly Dividend
PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 12, 2012--
The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq:SCHN)
declared a cash dividend of $0.1875 per common share, payable on
December 13, 2012, to shareholders of record on November 29, 2012.
Schnitzer has paid a dividend every quarter since going public in
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
58 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 51 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 106th
year of operations in 2012.
Source: Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc.
Investor Relations: Alexandra
Press Relations: Chip Terhune, 503-804-6966