Russel Metals Announces a 9% Increase in Common Share Dividend

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Aug 12, 2014, 05:05 ET

TORONTO, Aug. 12, 2014 /PRNewswire/ - Russel Metals Inc. (RUS - TSX) announced today that it has declared a dividend in the amount of Cdn$0.38 per share on its common shares, an increase of 9% over the prior rate. The dividend is payable on September 15, 2014 to shareholders of record at the close of business on August 26, 2014.

Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy products and steel distributors, under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Alberta Industrial Metals, Apex Distribution, Apex Monarch, Apex Remington, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Mégantic Métal, Métaux Russel, Métaux Russel Produits Spécialisés, Milspec, Norton Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Siemens Laserworks, Spartan Energy Tubulars, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel and York-Ennis.

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SOURCE Russel Metals Inc.