Schnitzer Steel (SCHN) Declares $0.1875 Quarterly Dividend; 4.4% Yield

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Schnitzer Board Declares Quarterly Dividend

April 29, 2015 1:15 PM EDT

PORTLAND, Ore.--(BUSINESS WIRE)-- The Board of Directors of Schnitzer Steel Industries, Inc. (Nasdaq: SCHN) declared a cash dividend of $0.1875 per common share, payable on May 26, 2015, to shareholders of record on May 11, 2015. Schnitzer has paid a dividend every quarter since going public in November 1993.

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Schnitzer Board Announces a New Independent Director

April 29, 2015 1:00 PM EDT

PORTLAND, Ore.--(BUSINESS WIRE)-- Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) today announced the election of Michael W. Sutherlin to its Board of Directors.

Mr. Sutherlin served from 2006 to 2013 as President and Chief Executive Officer of Joy Global, Inc., a manufacturer and servicer of mining equipment for the extraction of coal and other minerals and ores with 2013 sales of $5 billion. Before joining Joy Global in 2003, Mr. Sutherlin served as President and Chief Operating Officer of Varco International, Inc. Mr. Sutherlin... More