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INSTEEL DIRECTORS APPROVE REGULAR QUARTERLY CASH DIVIDEND

 MOUNT AIRY, N.C., Aug. 3 /PRNewswire/ -- The Board of Directors of Insteel Industries, Inc. (NYSE: III) today declared a regular quarterly cash dividend of six cents per share. The dividend is payable Oct. 1, 1993, to shareholders of record Sept. 10, 1993.
 Insteel, one of the nation's largest wire products manufacturers, has consistently paid dividends on its stock since becoming a publicly traded company in 1985. The company has effectively increased the value of the dividend each year since 1986, through either a 10 percent stock dividend or 3-for-2 stock split.
 Insteel operates plants in seven states and Mexico, producing welded wire reinforcement, industrial wire, galvanized fencing products, nails, specialty wire fabrics and the Insteel 3-D(R) wire reinforced construction panel.
 -0- 8/3/93
 /CONTACT: H.O. Woltz III, President and Chief Executive Officer, Insteel Industries, 919-786-2141/
 (III)


CO: Insteel Industries, Inc. ST: North Carolina IN: MNG SU: DIV

MM -- CH008 -- 8892 08/03/93 12:09 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:160
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