Schnitzer Board Declares Quarterly Dividend
PORTLAND, Ore.--(BUSINESS WIRE)--Oct. 29, 2015--
The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq:
SCHN) declared a cash dividend of $0.1875 per common share, payable on
November 23, 2015, to shareholders of record on November 9, 2015.
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 metal products in the United States with operating
facilities located in 24 states, Puerto Rico and Western Canada.
Schnitzer's Auto and Metals Recycling (AMR) business operates seven deep
water export facilities located on both the East and West Coasts and in
Hawaii and Puerto Rico, and 105 auto parts stores and metals recycling
facilities. Under its integrated operating platform, the Company also
manufactures new steel products from recycled metals through its Steel
Manufacturing Business (SMB). With an effective annual production
capacity of approximately 800,000 tons, SMB produces finished steel long
products, including rebar, wire rod and other specialty products
primarily for construction in the Western United States and Canada. The
Company began operations in 1906 in Portland, Oregon.
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Source: Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc.
Investor Relations:
Alexandra
Deignan, 646-278-9711
www.schnitzersteel.com
[email protected]