IRVING, Texas, Jan. 26 /PRNewswire-FirstCall/ -- Commercial Metals Company
(NYSE: CMC) today announced its intent to institute a quarterly cash dividend
of 10 cents per share effective with its next cash dividend anticipated to be
paid in April 2006. The new cash dividend rate represents a 66% increase from
the former rate of 6 cents per share. In making the announcement CMC
Chairman, President and Chief Executive Officer Stanley A. Rabin said, "This
action reflects CMC's confidence in our near-term as well as long-term
business prospects. We are focused on increasing stockholder value.
Rewarding and sustainable increases in our cash dividend rate, as evidenced by
this significant increase, are an important element of that continuing
effort."
It is anticipated that the CMC Board of Directors will declare the April
dividend during the month of March 2006. CMC has paid 165 consecutive
quarterly cash dividends.
Commercial Metals Company and subsidiaries manufacture, recycle and market
steel and metal products, related materials and services through a network
including steel minimills, steel fabrication and processing plants,
construction-related product warehouses, a copper tube mill, metal recycling
facilities and marketing and distribution offices in the United States and in
strategic overseas markets.
SOURCE Commercial Metals Company
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Related links:
http://www.commercialmetals.com
CONTACT:
Debbie Okle, Director, Public Relations of
Commercial Metals Company, +1-214-689-4354
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