Olympic Steel, Inc .Approves Regular First Quarter 2024 Cash Dividend, Payable on March 15, 2024
February 22, 2024 at 04:30 pm EST
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Olympic Steel, Inc.approved a regular first quarter 2024 cash dividend of $0.15per share, which is an increase of $0.025per share from the Company?s last quarterly dividend of $0.125per share. This marks the third increase since 2022, cumulatively raising the quarterly dividend from $0.02per share to $0.15per share. The dividend is payable on March 15, 2024 to shareholders on record as of March 4, 2024.
The Company expects to maintain the quarterly dividend of $0.15per share on a regular basis, subject to Board approval. The Company has paid a regular quarterly dividend since March 2006.
Olympic Steel, Inc. is a metals service center company. The Company provides metals processing and distribution services to a range of customers. It operates through three segments: specialty metals flat products, carbon flat products, and tubular and pipe products. Specialty metals flat products segment is engaged in the direct sale and distribution of processed aluminum and stainless flat-rolled sheet and coil products, flat bar products, prime tin mill products and fabricated parts. Carbon flat products segment is engaged in the direct sale and distribution of large volumes of processed carbon and coated flat-rolled sheet, coil and plate products and fabricated parts. Tubular and pipe products segment distributes metal tubing, pipe, bar, valves and fittings and fabrication of parts supplied to various industrial markets. This segment also offers a range of value-added fabrication services, including tube laser cutting, tube bending, robotic welding, flat laser burning and others.
OLYMPIC STEEL, INC. 
