Schnitzer Steel (SCHN) Raises Quarterly Dividend from $0.0175 to $0.1875; 2% Yield

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Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) declared a quarterly dividend of $0.1875 per share, or $0.75 annualized. This is a 971.4% increase from the prior dividend of $0.0175.

The dividend will be payable on May 31, 2012, to stockholders of record on May 17, 2012, with an ex-dividend date of May 15, 2012.

The annual yield on the dividend is 2 percent.

For a dividend history and other dividend-related data on Schnitzer Steel Industries, Inc. (SCHN) click here.

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