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That rate is the same that the steel maker has paid every quarter since 1985. In December 2012 and, before that, in August 2008, Insteel paid investors a special dividend. Last year, it was $0.25 per share; previously it was $0.50.
The new dividend annualizes to $0.12 per share, and yields 0.7% at the closing price of Insteel Industries' stock on May 2.