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 August
25, 2014, to shareholders of record on August 11, 2014. Schnitzer has
paid a dividend every quarter since going public in November 1993.
About Schnitzer Steel Industries, Inc.
Schnitzer Steel Industries, Inc. is one of the largest manufacturers and
exporters of recycled ferrous metal products in North America with
operating facilities located in 14 states, Puerto Rico and Western
Canada. The business has seven deep water export facilities located on
both the East and West Coasts and in Hawaii and Puerto Rico. The
Company's integrated operating platform also includes its auto parts and
steel manufacturing businesses. The Company's auto parts business sells
used auto parts through its self-service facilities located in 16 states
and Western Canada. With an effective annual production capacity of
approximately 800,000 tons, the Company's steel manufacturing business
produces finished steel products, including rebar, wire rod and other
specialty products. The Company commenced its 108th year of
operations in 2014.
Schnitzer Steel Industries, Inc.
Source: Schnitzer Steel Industries, Inc.