Reliance Steel & Aluminum Co. Declares 1998 Fourth Quarter Dividend Payment

Business Wire, Nov 20, 1998

LOS ANGELES--(BUSINESS WIRE)--Nov. 20, 1998--Reliance Steel & Aluminum Co. (NYSE:RS) announced today that its board of directors has declared a regular quarterly cash dividend of $.06 per share of common stock, payable on January 8, 1999 to shareholders of record December 18, 1998.

Reliance has paid quarterly dividends for 38 consecutive years.

Reliance Steel & Aluminum Co., headquartered in Los Angeles, California, is one of the largest metals service center companies in the United States. Through a network of 64 processing and distribution centers (including American Steel, L.L.C.) in 20 states, the Company provides value-added metals processing services and distributes a full line of over 60,000 metal products. These products include galvanized, hot-rolled and cold-finished steel; stainless steel; aluminum; brass; copper and alloy steel to more than 40,000 customers in various industries.