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Insteel board approves dividend

February 21st, 2008 · No Comments

The board of directors at Insteel Industries Inc. (Nasdaq: IIIN) in Mount Airy has declared a quarterly cash dividend of $0.03 per share on the company’s common stock, payable April 4, 2008, to shareholders of record as of March 21.

Insteel Industries is one of the nation’s largest manufacturers of steel wire reinforcing products for concrete construction applications. The company manufactures and markets prestressed concrete strand and welded wire reinforcement, including concrete pipe reinforcement, engineered structural mesh and standard welded wire reinforcement. Insteel’s products are sold primarily to manufacturers of concrete products used in nonresidential construction.

Headquartered in Surry County, North Carolina, Insteel operates six manufacturing facilities in the United States.

Tags: Businesses · Construction

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