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Stock impact report

Insteel Industries Declares Regular Quarterly and Special Cash Dividends

Insteel Industries, Inc. (IIIN) 
US:NASDAQ Investor Relations: investor.insteel.com
Company Research Source: Business Wire
MOUNT AIRY, N.C.--(BUSINESS WIRE)--Insteel Industries Inc. (NYSE: IIIN) today announced that its board of directors declared a regular quarterly cash dividend of $0.03 per share and a special cash dividend of $1.00 per share of common stock payable on December 13, 2024, to shareholders of record as of November 29, 2024.“We are pleased to announce that we are once again declaring a special dividend. We continue to believe this approach is an effective method to distribute value to our shareholders while allowing us to maintain ample financial flexibility. Looking ahead to 2025, we remain debt-free and are well-positioned to pursue growth opportunities as they arise, while continuing our share buyback program as appropriate,” commented H.O. Woltz III, Insteel’s President and CEO.About InsteelInsteel is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wi Show less Read more
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