dividend
confidence high
sentiment positive
materiality 0.75
Insteel declares regular $0.03 and special $2.00 per share dividends
INSTEEL INDUSTRIES INC
- Regular quarterly cash dividend of $0.03 per share and one-time special cash dividend of $2.00 per share declared.
- Both dividends payable December 23, 2022 to shareholders of record as of December 9, 2022.
- CEO cites record financial performance and notes this is the sixth special dividend of at least $1 since 2016.
- Company expects to fully fund capital investment program and maintain flexibility for acquisitions and share repurchases.