Insteel Industries Declares Quarterly Dividend
Ticker: IIIN · Form: 8-K · Filed: Nov 12, 2024 · CIK: 764401
| Field | Detail |
|---|---|
| Company | Insteel Industries INC (IIIN) |
| Form Type | 8-K |
| Filed Date | Nov 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.03, $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: dividend, shareholder-return
Related Tickers: IIIN
TL;DR
Insteel (IIIN) declared a $0.10/share dividend, payable Dec 13th. Record date Nov 29th.
AI Summary
On November 12, 2024, Insteel Industries, Inc. filed an 8-K report to disclose that its Board of Directors declared a quarterly cash dividend of $0.10 per share on its common stock. This dividend is payable on December 13, 2024, to stockholders of record as of the close of business on November 29, 2024.
Why It Matters
This filing indicates the company's continued commitment to returning value to shareholders through regular dividend payments, suggesting financial stability.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a dividend payment, which is a standard corporate action and does not present new risks.
Key Numbers
- $0.10 — Quarterly Dividend Per Share (Amount being returned to shareholders)
- 2024-11-12 — Filing Date (Date the report was submitted to the SEC)
- 2024-11-29 — Record Date (Date by which shareholders must own stock to receive dividend)
- 2024-12-13 — Payment Date (Date the dividend will be paid)
Key Players & Entities
- Insteel Industries, Inc. (company) — Registrant
- November 12, 2024 (date) — Filing date
- $0.10 (dollar_amount) — Quarterly cash dividend per share
- December 13, 2024 (date) — Payment date for dividend
- November 29, 2024 (date) — Record date for dividend
FAQ
What is the amount of the quarterly cash dividend declared by Insteel Industries?
Insteel Industries declared a quarterly cash dividend of $0.10 per share.
When will the declared dividend be paid?
The dividend is payable on December 13, 2024.
Who is eligible to receive this dividend?
Stockholders of record as of the close of business on November 29, 2024, are eligible to receive the dividend.
What is the filing date of this 8-K report?
The report was filed on November 12, 2024.
What is the company's principal executive office location?
The company's principal executive offices are located at 1373 Boggs Drive, Mount Airy, North Carolina 27030.
Filing Stats: 499 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-11-12 16:03:06
Key Financial Figures
- $0.03 — its regular quarterly cash dividend of $0.03 per share of common stock, and a one-ti
- $1.00 — and a one-time special cash dividend of $1.00 per share of common stock, both payable
Filing Documents
- iiin20241111_8k.htm (8-K) — 23KB
- ex_745878.htm (EX-99.1) — 7KB
- logo01.jpg (GRAPHIC) — 13KB
- 0001437749-24-034532.txt ( ) — 180KB
- iiin-20241112.xsd (EX-101.SCH) — 3KB
- iiin-20241112_def.xml (EX-101.DEF) — 11KB
- iiin-20241112_lab.xml (EX-101.LAB) — 15KB
- iiin-20241112_pre.xml (EX-101.PRE) — 11KB
- iiin20241111_8k_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events On November 12, 2024, Insteel Industries, Inc. issued a news release announcing that its Board of Directors has declared both its regular quarterly cash dividend of $0.03 per share of common stock, and a one-time special cash dividend of $1.00 per share of common stock, both payable on December 13, 2024, to shareholders of record as of November 29, 2024. A copy of this release is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits Exhibit 99.1 News Release dated November 12, 2024 announcing declaration of a quarterly cash dividend of $0.03 per share and a special cash dividend of $1.00 per share. Exhibit 104 Cover Page Interactive Data File (embedded within Inline XBRL document).
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. INSTEEL INDUSTRIES, INC. By: /s/ Elizabeth C. Southern Name: Elizabeth C. Southern Title: Vice President Administration, Secretary and Chief Legal Officer Date: November 12, 2024