Worthington Enterprises, Inc. (WOR) to Issue Quarterly Dividend of $0.19 on June 29th

Worthington Enterprises, Inc. (NYSE:WOR) announced a quarterly dividend on Tuesday, March 24th. Stockholders of record on Monday, June 15th will be given a dividend of 0.19 per share by the industrial products company on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Monday, June 15th.

Worthington Enterprises has decreased its dividend payment by an average of 0.1%annually over the last three years. Worthington Enterprises has a payout ratio of 21.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Worthington Enterprises to earn $3.08 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 24.7%.

Worthington Enterprises Stock Performance

Shares of NYSE:WOR opened at $49.52 on Thursday. The business’s 50-day simple moving average is $53.92 and its 200 day simple moving average is $55.16. The company has a market cap of $2.45 billion, a P/E ratio of 22.01 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.26 and a current ratio of 3.26. Worthington Enterprises has a one year low of $43.35 and a one year high of $70.91.

Worthington Enterprises (NYSE:WOR) last released its quarterly earnings results on Tuesday, March 24th. The industrial products company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.02. The firm had revenue of $378.68 million during the quarter, compared to analysts’ expectations of $349.41 million. Worthington Enterprises had a return on equity of 17.97% and a net margin of 8.42%.Worthington Enterprises’s quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. On average, sell-side analysts forecast that Worthington Enterprises will post 2.67 earnings per share for the current fiscal year.

About Worthington Enterprises

Worthington Enterprises (NYSE:WOR) is a diversified metal manufacturing company that produces pressure vessels, engineered assemblies and fabricated metal products. The company’s portfolio includes the design and manufacture of cylinders for compressed gases, such as propane, natural gas and hydrogen, as well as transport tanks and other pressure-containment solutions for the industrial gas, energy and transportation markets. In addition to its pressure vessel operations, Worthington Enterprises offers metal processing and distribution services, supplying coil, sheet and plate products to customers across multiple industries.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Enterprises has grown from a single steel processing facility into a multi‐division organization with operations in the United States, Canada and Mexico.