Commercial Metals Company (CMC), a manufacturer and recycler of steel and metal products, announced that its Board of Directors has authorized a new share buyback program of $350 million. The new plan replaces the existing program, which has $27 million remaining. Following the news, shares popped 3.2% before closing the day flat at $32.49 on Wednesday. The Board also increased its quarterly cash dividend by $0.02 to $0.14 per common share, to be paid on November 10 to shareholders of record as of October 27. The new quarterly dividend implies an annualized common share dividend of $0.56 per share, reflecting a dividend yield of 1.7%.
https://www.tipranks.com/news/commercial-metals-announces-350m-share-buyback-hikes-dividend-by-17?utm_source=advfn.com&utm_medium=referral
Commercial Metals (NYSE:CMC)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Commercial Metals Charts.
Commercial Metals (NYSE:CMC)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Commercial Metals Charts.