Olympic Steel Announces Increased Quarterly Cash Dividend

16 February 2023

Olympic Steel Inc. a leading national metals service center, today announced that the Company’s Board of Directors approved a regular quarterly cash dividend of $0.125 per share, which is an increase of $0.035 per share from the Company’s last quarterly dividend of $0.09 per share. The dividend is payable on March 15, 2023, to shareholders of record on March 1, 2023. The Company has paid a regular quarterly dividend since March 2006.

“Olympic Steel’s performance over the past two years has been extraordinary, and we are pleased to share that success with our shareholders by declaring a quarterly dividend that has been increased from $0.09 per share to $0.125 per share. We expect to maintain the quarterly dividend of $0.125 on a regular basis, subject to Board approval. We also look forward to sharing our fourth quarter and 2022 full-year results on Thursday, Feb. 23, followed by our quarterly earnings webcast on Friday, Feb. 24,” said Richard T. Marabito, Chief Executive Officer.

Details about the Company’s quarterly earnings webcast are available at https://olysteel.com/corporate-profile/