United States Steel Corporation Establishes Initial Quarterly Dividend
PITTSBURGH, Jan. 29 /PRNewswire-FirstCall/ -- United States Steel Corporation announced that the Board of Directors declared its initial dividend of 5 cents per share on U. S. Steel (NYSE: X) Common Stock. The dividends are payable March 9, 2002, to stockholders of record at the close of business February 20, 2002.
Commenting on the dividend, U. S. Steel Board Chairman, President and CEO Thomas J. Usher said, "The dividend reflects current steel industry conditions and the uncertain economy, while underscoring our commitment to the prudent use of our financial resources, and to improving our credit rating. It also positions us to pursue growth opportunities domestically and abroad as they develop."
SOURCE: United States Steel Corporation
Contact: Mike Dixon or John Armstrong of United States Steel
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