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BIRMINGHAM STEEL CORPORATION DECLARES QUARTERLY CASH DIVIDEND.


BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 14, 1997--Birmingham Steel Corporation today announced that its Board of Directors has declared the Company's 40th consecutive quarterly cash dividend. The regular quarterly dividend of $.10 (ten cents Ten Cents has several meanings:
  • Ten Cents, a worth of a dime
  • Ten Cents, a fictional character in TUGS
) per share, is payable November 4, 1997, to stockholders of record on October 24, 1997.

Birmingham Steel operates in the mini-mill sector of the steel industry and conducts operations at facilities located across the United States. The Company specializes in producing steel reinforcing bar, merchant products and SBQ SBQ Sociedade Brasileira de Quimica (Portugese)
SBQ Special Bar Quality
 (special bar quality) bar, rod and wire. The common stock of Birmingham Steel Corporation is traded on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 under the symbol "BIR BIR British Institute of Radiology
BIR Bureau of Internal Revenue
BIR Bureau of International Recycling
BIR Baculovirus IAP Repeat
BIR Biomedical Imaging Resource
BIR Bureau of Intelligence and Research (US State Department) 
."

CONTACT: Birmingham Steel Corporation, Birmingham

J. Daniel Garrett, 205/97-1213
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 14, 1997
Words:117
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