Russel Metals Declares Quarterly Common Share Dividend and Supplemental Dividend
05 August 2008 - 10:12PM
Marketwired
Russel Metals Inc. (TSX: RUS) announced today that it has declared
a dividend in the amount of Cdn $0.45 per share on its common
shares, payable on September 15, 2008 to shareholders of record at
the close of business on August 28, 2008. The Board approved an
additional supplemental dividend of Cdn $0.05 per share for a total
dividend of Cdn $0.50 per share payable on the same date.
The supplemental dividend is based on the Company's improved
earnings level in the current cycle. The payment of the
supplemental dividend in any future period will depend on numerous
factors including steel prices, the Company's earnings, cash flow
and financial position.
Russel Metals is one of the largest metals distribution
companies in North America. It carries on business in three metals
distribution segments: metals service centers, energy tubular
products and steel distributors, under various names including
Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier
Richler, Arrow Steel Processors, B&T Steel, Baldwin
International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel
Metals, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel,
Metaux Russel Produits Specialises, Milspec Industries, Pioneer
Pipe, Russel Metals Specialty Products, Russel Metals Williams
Bahcall, Spartan Steel Products, Sunbelt Group, Triumph Tubular
& Supply, Wirth Steel and York-Ennis.
Contacts: Russel Metals Inc. Sherri Mooser Assistant Secretary
(905) 819-7419 Email: info@russelmetals.com Website:
www.russelmetals.com
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