Olympic Steel (ZEUS) Declares $0.02 Quarterly Dividend; 0.4% Yield
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Olympic Steel Reports 2016 Third-Quarter Results
November 3, 2016 6:15 AM EDTBoard Declares Regular Quarterly Cash Dividend
CLEVELAND--(BUSINESS WIRE)-- Olympic Steel, Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced financial results for the third quarter and nine-months ended Sept. 30, 2016.
Third-quarter net sales were $268.3 million, compared with $276.9 million in 2015s same quarter. Net sales during the 2016 nine-month period totaled $800.2 million, versus $938.0 million during the same period of the prior year. Average selling prices were lower in both 2016 periods and lower sales volumes of carbon flat products were partially offset by higher sales volume of specialty metals flat... More
