dividend
confidence high
sentiment positive
materiality 0.60
CMC boosts quarterly dividend 13% to $0.18/share; payable Apr 10
COMMERCIAL METALS Co
- Regular quarterly cash dividend increased 13% to $0.18 per share from $0.16 previously.
- Dividend payable April 10, 2024 to stockholders of record as of April 1, 2024; marks 238th consecutive quarterly dividend.
- CEO Peter Matt cites confidence in cash flow, financial position, and business outlook as rationale for increase.
- Increase follows recent expansion of share repurchase authorization, underscoring commitment to shareholder returns.