Roanoke Electric Steel Corporation Declares 187th Consecutive Quarterly Cash Dividend
July 20 2005 - 4:28PM
PR Newswire (US)
Roanoke Electric Steel Corporation Declares 187th Consecutive
Quarterly Cash Dividend ROANOKE, Va., July 20
/PRNewswire-FirstCall/ -- Roanoke Electric Steel Corporation
(NASDAQ:RESC) today reported that its Board of Directors, at a
regular meeting held on July 19, 2005, declared the 187th
consecutive quarterly common stock cash dividend in the amount of
11 cents per share. The dividend is payable on August 25, 2005, to
shareholders of record as of the close of business on August 5,
2005. Roanoke Electric Steel Corporation has steel manufacturing
facilities in Roanoke, Virginia, and Huntington, West Virginia,
producing angles, rounds, flats, channels, beams, special sections
and billets, which are sold to steel service centers, fabricators,
original equipment manufacturers and other steel producers. Four
subsidiaries are involved in various steel-related activities,
consisting of scrap processing and bar joist and truck trailer beam
fabrication. This release contains various forward looking
statements which represent the Company's expectations or beliefs
concerning future events. In accordance with the safe harbor
provisions of the securities laws regarding such statements, the
Company notes that a variety of factors, including economic and
industry conditions, availability and prices of utilities, supplies
and raw materials, prices of steel products, foreign and domestic
competition, trade policies affecting imports and exports,
governmental regulations, interest rates, inflation, labor
relations, environmental concerns and compliance issues and other
maters, could cause actual results and experience to differ
materially from those expressed in the forward-looking statements.
DATASOURCE: Roanoke Electric Steel Corporation CONTACT: Mark G.
Meikle or William M. Watson, Jr. of Roanoke Electric Steel
Corporation, +1-540-342-1831 Web site: http://www.roanokesteel.com/
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