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MOUNT AIRY, N.C. - Insteel Industries Inc. (NYSE:IIIN) announced Tuesday that its board of directors has declared a regular quarterly cash dividend of $0.03 per share of common stock, maintaining its 21-year streak of consistent dividend payments. The dividend, representing a 3.05% yield, will be payable on September 26, 2025, to shareholders of record as of September 12, 2025.
Insteel Industries, headquartered in Mount Airy, North Carolina, is a manufacturer of steel wire reinforcing products for concrete construction applications. The $720 million market cap company, which according to InvestingPro analysis maintains strong financial health, produces prestressed concrete strand and welded wire reinforcement products, including engineered structural mesh, concrete pipe reinforcement, and standard welded wire reinforcement. The company has demonstrated solid performance with 9.4% revenue growth in the last twelve months.
The company primarily serves manufacturers of concrete products and concrete contractors, with its products being used predominantly in nonresidential construction applications. Insteel operates eleven manufacturing facilities across the United States.
The quarterly dividend announcement maintains the company’s consistent dividend payment schedule. This information was shared in a company press release.
In other recent news, Insteel Industries reported impressive financial results for its fiscal third quarter of 2025, surpassing both earnings and revenue expectations. The company achieved earnings per share of $0.78, which was notably higher than the forecasted $0.69, delivering a 13.04% surprise. Additionally, Insteel Industries generated revenue of $179.9 million, exceeding the anticipated $176.03 million. These results reflect a strong performance for the company during this period. Analyst firms have taken note of these developments, although specific upgrades or downgrades were not mentioned in the recent reports. Investors are closely watching these figures, as they provide insights into the company’s current financial health. These recent developments highlight Insteel Industries’ ability to outperform market expectations.
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