Insteel Industries (IIIN) Declares $2 Special Dividend; 7.2% Yield

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Go back to Insteel Industries (IIIN) Declares $2 Special Dividend; 7.2% Yield

Insteel Industries Declares Regular Quarterly and Special Cash Dividends

November 15, 2022 4:05 PM EST

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 $2.00 per share of common stock payable on December 23, 2022, to shareholders of record as of December 9, 2022.

Following another year of record financial performance, we are pleased to return capital to our shareholders through the payment of a special dividend. This represents our sixth special dividend of at least $1 per share since 2016. As we... More