Insteel Industries, Inc. (NYSE:IIIN) Declares $0.03 Quarterly Dividend

Insteel Industries, Inc. (NYSE:IIIN) declared a quarterly dividend on Tuesday, February 10th. Shareholders of record on Friday, March 13th will be given a dividend of 0.03 per share on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, March 13th.

Insteel Industries has increased its dividend payment by an average of 0.6%annually over the last three years.

Insteel Industries Stock Down 0.7%

Shares of IIIN traded down $0.23 during midday trading on Wednesday, reaching $32.90. The company had a trading volume of 36,823 shares, compared to its average volume of 136,583. Insteel Industries has a 1-year low of $22.49 and a 1-year high of $41.64. The stock has a market cap of $638.16 million, a PE ratio of 13.54, a price-to-earnings-growth ratio of 0.91 and a beta of 0.79. The firm has a 50 day simple moving average of $34.82 and a 200-day simple moving average of $34.52.

Insteel Industries (NYSE:IIIN) last announced its quarterly earnings results on Thursday, January 15th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.06. Insteel Industries had a net margin of 7.01% and a return on equity of 13.51%. The firm had revenue of $159.92 million for the quarter.

Insteel Industries Company Profile

Insteel Industries, Inc is a leading manufacturer of steel wire reinforcing products used in concrete construction. The company specializes in the design, fabrication and distribution of welded-wire reinforcement, cut-and-bent reinforcement and related accessories for concrete walls, floors and columns. Its products are employed across residential, commercial and infrastructure projects, providing structural strength and dimensional stability in poured concrete applications.

Key product lines include truss mats—prefabricated, ladder-like assemblies of welded wire designed for rapid placement—and custom cut-and-bent wire assemblies that meet specific engineering requirements.