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

Worthington Steel, Inc. (NYSE:WS) announced 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 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, March 14th.

Worthington Steel Stock Performance

Shares of WS traded down $5.46 during mid-day trading on Thursday, reaching $32.46. The stock had a trading volume of 981,294 shares, compared to its average volume of 217,204. The firm has a market cap of $1.65 billion and a price-to-earnings ratio of 13.09. Worthington Steel has a 12 month low of $23.82 and a 12 month high of $47.19. The business has a fifty day moving average of $40.97 and a 200 day moving average of $36.18.

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