Commercial Metals Company (CMC) Board Approves Cash Dividend as Earnings Grow

Commercial Metals Company (NYSE:CMC) is one of the top steel stocks to buy amid US tariffs. On October 15, the company’s board of directors affirmed its commitment to shareholder value. The board approved a quarterly cash dividend of $0.18 a share.

The dividend is to be paid on November 13 to shareholders of record as of the close of business on October 30. The company has paid dividends for 224 consecutive quarters. Supporting the impressive track record is earnings growth.

On October 16, the company delivered impressive fourth-quarter results, with earnings increasing to $151.78 million, or $1.35 a share, compared to $103.93 million, or $0.90 a share, in the same quarter last year. Revenue in the quarter was up 5.9% to $2.11 billion.

Commercial Metals Company (NYSE:CMC) is a global company that recycles and manufactures steel products for the construction industry and other markets such as manufacturing, energy, and agriculture. The company is known for its vertically integrated model, which combines scrap metal recycling with steel production and fabrication.

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Disclosure: None. This article is originally published at Insider Monkey.