IRVING, Texas, Dec. 18 /PRNewswire-FirstCall/ -- As announced November
7, 2006, the board of directors of Commercial Metals Company (NYSE: CMC)
has approved an increase in the regular quarterly cash dividend from 6 to 9
cents per share, an increase of 50%. This new rate is effective with the
regular quarterly cash dividend which has been declared and is to be paid
January 25, 2007 to shareholders of record January 5, 2007. This is the
169th consecutive quarterly cash dividend paid by Commercial Metals
Company.
CMC President and Chief Executive Officer Murray R. McClean said, "With
this action, CMC has tripled its cash dividend payment in less than a year
after adjustment for our May 2006 two-for-one stock split and the April and
July 2006 dividend rate increases. We continue our aggressive focus on
increasing stockholder value."
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.cmc.com
CONTACT:
Debbie Okle, Director, Public Relations of
Commercial Metals Company, +1-214-689-4354
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