Worthington Steel, Inc. Announces Quarterly Dividend of $0.16 (NYSE:WS)

Worthington Steel, Inc. (NYSE:WS) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.16 per share on Friday, March 28th. This represents a $0.64 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, March 14th.

Worthington Steel Trading Down 14.4 %

WS traded down $5.46 during midday trading on Thursday, hitting $32.46. 981,294 shares of the company were exchanged, compared to its average volume of 217,204. The firm has a market capitalization of $1.65 billion and a price-to-earnings ratio of 13.09. The company’s 50 day simple moving average is $40.97 and its 200 day simple moving average is $36.18. Worthington Steel has a 1-year low of $23.82 and a 1-year high of $47.19.

Worthington Steel (NYSE:WS) last posted its earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). Worthington Steel had a net margin of 3.71% and a return on equity of 12.14%. The firm had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $740.40 million. During the same period last year, the firm earned $0.11 earnings per share. Worthington Steel’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities analysts anticipate that Worthington Steel will post 2.95 EPS for the current year.

About Worthington Steel

Worthington Steel, Inc operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy.