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Insteel Industries will pay a special cash dividend of $1.00 and keep its regular dividend at $0.03.

PayoutRead the original at streetinsider.com
Good for IIIN

IIIN declared a $1.00-per-share special dividend and kept its regular quarterly dividend. The payments return cash to shareholders, though they also use company cash.

IIIN · Insteel Industries, Inc.

AI read · Good for IIIN

The AI's read

The extra payment sends cash directly to shareholders, and the regular quarterly payment remains in place. That favors owners. The company will also use cash to make the payments, but the story gives no sign that its regular dividend is at risk.

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