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Schnitzer Steel Industries, Inc. ( SCHN ) has announced an ex-dividend date of November 27, 2012 and a cash dividend payment of $0.1875 per share scheduled for December 13, 2012. Shareholders who purchased SCHN stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that SCHN has paid the same dividend. At the current stock price of $27.82, the dividend yield is 2.7%.

The previous trading day's last sale of SCHN was $27.82, representing a -43.63% decrease from the 52 week high of $49.35 and a 22.12% increase over the 52 week low of $22.78.

SCHN is a part of the Consumer Durables sector, which includes companies such as Intuitive Surgical, Inc. ( ISRG ) and Johnson Controls, Inc. ( JCI ). SCHN's current earnings per share, an indicator of a company's profitability, is $.98. Zacks Investment Research reports SCHN's forecasted earnings growth in 2013 as 35.14%, compared to an industry average of -15.8%.

For more information on the declaration, record and payment dates, visit the SCHN Dividend History page.

Interested in gaining exposure to SCHN through an Exchange Traded Fund ( ETF )?
The following ETF(s) have SCHN as a top-10 holding:

• SPDR S&P Metals & Mining ETF ( XME ).

The top-performing ETF of this group is XME with an increase of 4.75% over the last 100 days. It also has the highest percent weighting of SCHN at 3.19%.

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