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Steel Dynamics Inc. (Nasdaq:STLD) announced that its board of directors has declared a quarterly cash dividend of $0.10 per common share. The dividend is payable on or about October 14, 2011, to shareholders of record at the close of business on September 30, 2011.

Steel Dynamics, Inc. engages in the manufacture and sale of steel products in the United States.

Handy & Harman Ltd. (NASDAQ:HNH) reported financial results for the second quarter and six months ended June 30, 2011. HNH reported net income of $16.8 million on net sales of $191.2 million for the three months ended June 30, 2011, compared with net income of $6.3 million on net sales of $160.9 million for the three months ended June 30, 2010.

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American Video Teleconferencing Corp. (AVOT)

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Weekly roundup of stocks moving in and out of Joel Greenblatt's Magic Formula Investing screens.

Weekly roundup of stocks moving in and out of Joel Greenblatt's Magic Formula Investing screens.

PROTEONOMIX, INC. (OTC.BB:PROT), a biotechnology company focused on developing therapeutics based upon human cells and their derivatives, reports further developments with its Joint Venture Company, XGEN Medical LLC (”XGen”) towards implementing operations in the United Arab Emirates (U.A.E.).

Instead of blowing excess cash on "di-worsification" or low return growth projects, it is often a good idea for companies to return cash to shareholders in the form of dividends or share repurchases. Here are some Magic Formula companies that agree.

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