Schnitzer Steel (SCHN) Approves $0.017 Per Share Quarterly Cash Dividend - Annual Yield 0.10%

Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) declared a cash dividend of $0.017 per common share, payable on June 2, 2011, to shareholders of record on May 19, 2011. Schnitzer has paid a dividend every quarter since going public in November 1993.

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