IRVING, Texas, March 15 /PRNewswire-FirstCall/ -- As announced January 26,
2006, the board of directors of Commercial Metals Company (NYSE: CMC) has
approved an increase in the regular quarterly cash dividend from 6 to 10 cents
per share, an increase of 66%. This new rate is effective with the regular
quarterly cash dividend which has been declared and is to be paid April 21,
2006 to shareholders of record April 7, 2006. This is the 166th consecutive
quarterly cash dividend paid by Commercial Metals Company.
CMC Chairman 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."
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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