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IRVING, Texas - Commercial Metals Company (NYSE: CMC), a global provider of steel and metal products with a market capitalization of $5.27 billion, has announced a regular quarterly cash dividend of $0.18 per share on its common stock. The dividend, which marks the company’s 242nd consecutive quarterly payment and represents a 1.55% yield, is scheduled to be distributed on April 9, 2025, to shareholders recorded by March 31, 2025. According to InvestingPro, CMC has maintained dividend payments for 55 consecutive years and raised them for the past four years.
CMC operates a manufacturing network primarily in the United States and Central Europe, supplying a range of products and technologies for the construction sector. The company’s offerings are integral to various construction stages and applications, including infrastructure, non-residential, residential, industrial, and energy generation and transmission projects.
This announcement is based on a press release statement from Commercial Metals Company.
In other recent news, Commercial Metals Company is set to release its earnings for the second quarter of fiscal year 2025 on March 20, which will provide investors with a clearer view of the company’s financial performance. KeyBanc Capital Markets has maintained a Sector Weight rating on the company, citing concerns over rising scrap costs and nonferrous recycling issues that may impact the upcoming quarter. Despite these challenges, KeyBanc has raised its fiscal year 2026 earnings estimates, expecting improvements in the spread within Americas Mills. UBS has upgraded Commercial Metals from Sell to Neutral, noting a more balanced risk/reward profile, while reducing the price target to $54 from $56 due to ongoing challenges in Europe and project delays. Citi has also maintained a Neutral rating with a $60 price target, highlighting the current demand for rebar and ongoing infrastructure spending. Additionally, shareholders of Commercial Metals have approved key proposals, including the election of directors and the ratification of the company’s independent auditor. The recent announcement of a 25% tariff on steel and aluminum imports by President Trump has been perceived as beneficial for domestic producers like Commercial Metals, potentially reducing foreign competition. These developments reflect the dynamic environment in which Commercial Metals is operating, with both challenges and opportunities influencing its market position.
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