Commercial Metals (CMC) Announces $350M Share Buyback; Increases Quarterly Dividend to $0.14

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Go back to Commercial Metals (CMC) Announces $350M Share Buyback; Increases Quarterly Dividend to $0.14

Commercial Metals Company Announces New $350 Million Share Repurchase Program And 17% Increase In Quarterly Dividend

October 13, 2021 8:48 AM EDT

IRVING, Texas, Oct. 13, 2021 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) today announced that its Board of Directors has authorized a common stock repurchase program of up to $350 million.  This program will cancel and replace the Company's existing plan, which had $27 million remaining under its authorization as of August 31, 2021.

CMC's Board of Directors also declared a regular quarterly cash dividend of $0.14 per share of CMC common stock, an increase of $0.02, or 17%, per CMC common share. CMC's 228th consecutive quarterly dividend will be paid on November 10, 2021 to stockholders of record as of the... More