The board of directors of Schnitzer Steel Industries, Inc., based in Portland, Oregon, has declared a cash dividend of 18 cents per common share, payable Aug. 24, 2015, to shareholders of record Aug. 10, 2015. Schnitzer has paid a dividend every quarter since going public in November 1993.
Schnitzer Steel has operating facilities located in 24 states, Puerto Rico and western Canada. The company also has seven deep water export facilities located on the East and West Coasts, Hawaii and Puerto Rico.
Operations also include auto parts stores and steel manufacturing. The company says it has an effective annual production capacity of approximately 800,000 tons.
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