EX-99.1 2 ex_103833.htm EXHIBIT 99.1 ex_103833.htm

Exhibit 99.1

 

 

NEWS RELEASE

 

FOR IMMEDIATE RELEASE

 

Contact:

Michael C. Gazmarian

      Vice President, Chief Financial Officer and Treasurer
      Insteel Industries, Inc.
      (336) 786-2141, Ext. 3020
       

 

INSTEEL INDUSTRIES DECLARES QUARTERLY CASH DIVIDEND

 

MOUNT AIRY, N.C., February 13, 2018 – Insteel Industries, Inc. (NasdaqGS: IIIN) today announced that its board of directors declared a quarterly cash dividend of $0.03 per share on the Company’s common stock payable on March 30, 2018 to shareholders of record as of March 16, 2018.

 

About Insteel

 

Insteel is the nation’s largest manufacturer of steel wire reinforcing products for concrete construction applications. Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including engineered structural mesh, concrete pipe reinforcement and standard welded wire reinforcement. Insteel’s products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Headquartered in Mount Airy, North Carolina, Insteel operates ten manufacturing facilities located in the United States.

 

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