Reliance Steel & Aluminum Co. (RS) will raise its quarterly dividend by 11.1 percent to $0.50 per share in the first quarter of 2018. 

On February 13, 2018, the Board of Directors declared an 11.1% increase to the Company’s quarterly cash dividend to $0.50 per share of common stock, payable on March 30, 2018 to stockholders of record as of March 16, 2018. Reliance has paid regular quarterly dividends for 58 consecutive years and has increased the dividend 25 times since its 1994 IPO.

Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is the largest metals service center company in North America. Through a network of locations in the United States and multiple countries outside of the United States, Reliance provides value-added metals processing services and distributes a full line of metal products to customers in a broad range of industries. Reliance Steel & Aluminum became a public company in 1994 and has paid a dividend ever year since 1960.