May 19, 2010 (FinancialWire) — Insteel Industries, Inc. (NASDAQ: IIIN) said that its board of directors declared a quarterly cash dividend of $0.03 per share on the company's common stock, payable on July 2, 2010 to shareholders of record as of June 18, 2010.  

North Carolina-based Insteel is a manufacturer of steel wire reinforcing products for concrete construction applications.

Insteel manufactures and markets prestressed concrete strand and welded wire reinforcement, including concrete pipe reinforcement, engineered structural mesh and standard welded wire reinforcement.

The firm’s products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. Insteel operates six manufacturing facilities located in the United States.

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