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INSTEEL DIRECTORS APPROVE REGULAR CASH PAYMENT AND DECLARE 10 PERCENT STOCK DIVIDEND

 INSTEEL DIRECTORS APPROVE REGULAR CASH PAYMENT
 AND DECLARE 10 PERCENT STOCK DIVIDEND
 MOUNT AIRY, N.C., Feb. 4 /PRNewswire/ -- The board of directors of Insteel Industries, Inc. (AMEX: III), following the company's annual meeting of shareholders held here today, approved the regular quarterly cash dividend of 6 cents per share and declared a 10 percent stock dividend. The board stated its intention to maintain the cash payment, effectively increasing the cash dividend by 10 percent.
 The cash dividend is payable April 1, 1992, to shareholders of record March 13, 1992. The stock dividend has a payable date of April 10, 1992, and a record date of March 20, 1992.
 At the annual meeting, shareholders re-elected Howard O. Woltz Jr., Thomas J. Cumby and C. Richard Vaughn to serve as directors for the ensuing year.
 Executive officers re-elected by the board were: Howard O. Woltz Jr., chairman; H.O. Woltz III, president and chief executive officer; David E. Conrad, vice president; and Gary D. Kniskern, secretary and treasurer.
 Insteel Industries, Inc., one of the nation's largest wire products manufacturers, produces welded wire reinforcement, high and low carbon industrial wire, galvanized fencing products, nails, specialty wire fabrics and Insteel 3-D(TM) building panels.
 -0- 2/4/92
 /CONTACT: Howard O. Woltz Jr., chairman of Insteel, 919-786-2141/
 (III) CO: Insteel Industries, Inc. ST: North Carolina IN: MNG SU: DIV


GK-CK -- NY072 -- 6756 02/04/92 13:45 EST
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Publication:PR Newswire
Date:Feb 4, 1992
Words:235
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