Outsourced industrial services provider TMS International announced on Friday its second-quarter dividend of $0.10 per share, the same rate it paid last quarter after initiating the payout.
The board of directors said the quarterly dividend is payable on Sept. 20 to the holders of record at the close of business on Aug. 16. TMS is the parent company of Tube City IMS, a leading provider of outsourced industrial services to steel mills globally.
The regular dividend payment equates to a $0.40-per-share annual dividend, yielding 2.4% based on Friday's closing price of TMS International's stock.
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