Schnitzer Board Declares Quarterly Dividend
PORTLAND, Ore.--(BUSINESS WIRE)--Apr. 28, 2016--
The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq:
SCHN) declared a cash dividend of $0.1875 per common share, payable on
May 23, 2016, to shareholders of record on May 9, 2016. 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 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 auto parts stores and steel
manufacturing. 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 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]