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

Worthington Steel, Inc. (NYSE:WS) announced a quarterly dividend on Wednesday, September 25th,Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.16 per share on Friday, December 27th. This represents a $0.64 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date is Friday, December 13th.

Worthington Steel Trading Down 0.3 %

Worthington Steel stock opened at $44.33 on Wednesday. The stock has a 50-day moving average price of $40.00 and a two-hundred day moving average price of $35.86. Worthington Steel has a 12 month low of $22.74 and a 12 month high of $47.19. The company has a market capitalization of $2.25 billion and a PE ratio of 17.88.

Worthington Steel (NYSE:WS) last announced its earnings results on Wednesday, September 25th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The firm had revenue of $834.00 million for the quarter, compared to the consensus estimate of $748.40 million. Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. Worthington Steel’s revenue was down 7.9% compared to the same quarter last year. As a group, analysts predict that Worthington Steel will post 2.95 earnings per share for the current fiscal 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.