Roanoke Electric Steel Corporation Declares 189th Consecutive Quarterly Cash Dividend
January 18 2006 - 8:00AM
PR Newswire (US)
ROANOKE, Va., Jan. 18 /PRNewswire-FirstCall/ -- Roanoke Electric
Steel Corporation (NASDAQ:RESC) today reported that its Board of
Directors, at a regular meeting held on January 17, 2006, declared
the 189th consecutive quarterly common stock cash dividend in the
amount of 11 cents per share. The dividend is payable on February
24, 2006, to shareholders of record as of the close of business on
February 3, 2006. 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 may contain 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
matters, could cause actual results and experience to differ
materially from those expressed in the forward- looking statements.
First Call Analyst: FCMN Contact: DATASOURCE: Roanoke Electric
Steel Corporation CONTACT: Mark G. Meikle or William M. Watson,
Jr., both of Roanoke Electric Steel Corporation, +1-540-342-1831
Web site: http://www.roanokesteel.com/
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