Chief Executive H.O. Woltz III said the special dividend reflects the company’s confidence in its financial position and long-term outlook. He said the $1.00-per-share distribution balances a meaningful return to shareholders with retaining resources for operating needs, capital investments and growth opportunities.
In section Market Quotes
Insteel Industries Declares $1 Special Cash Dividend
Insteel Industries will pay shareholders a $1.00 special cash dividend on Dec. 11, in addition to its regular quarterly dividend of 3 cents. Shareholders must be on record as of Nov. 27 to receive the payment.
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