U.S. Steel stock repurchase program, dividends

U.S. Steel stock repurchase program, dividends

United States Steel Corporation announced they will start a common stock repurchase program. The company will repurchase up to eight million shares of US Steel common stock in open-market or private transactions. Timing of purchases will be determined by the company based on market conditions. US Steel also announced a dividend of 10 cents per share on the company’s common stock. The dividend is payable September 10, 2005, to all stockholders of record at the close of business, August 17, 2005. The directors also announced a dividend of $0.875 per share on US Steel's 7 percent Series B Mandatory Convertible Preferred Shares. This dividend is payable September 15, 2005, to all stockholders of record at the close of business, September 1, 2005.