Reliance increases quarter three dividend

Reliance increases quarter three dividend

Los Angeles steel service center Reliance Steel & Aluminum Co. has announced it will increase its regular common stock dividend 11 percent. Reliance’s Board of Directors declared the regular quarterly cash dividend will now be $0.10 per share of common stock. The dividend will be payable on September 2, 2005 for all shareholders of record, August 12, 2005. Reliance has paid regular quarterly dividends for 45 consecutive years. Over the previous five quarters, Reliance has increased its dividends by a total of 67 percent. Reliance Steel & Aluminum Co. is one of the largest metals service center companies in the US. It manufactures products include galvanized, hot-rolled and cold-finished steel; stainless steel; aluminum; brass; copper; titanium and alloy steel sold to more than 95’000 customers in various industries.