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

Worthington Steel, Inc. (NYSE:WS) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.16 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Worthington Steel Stock Down 0.4%

Shares of WS opened at $39.59 on Thursday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 23.29 and a beta of 2.22. Worthington Steel has a 52 week low of $25.33 and a 52 week high of $49.17. The stock’s 50-day moving average price is $39.53 and its 200-day moving average price is $38.27. The company has a quick ratio of 0.90, a current ratio of 1.48 and a debt-to-equity ratio of 0.03.

Worthington Steel (NYSE:WS) last announced its quarterly earnings results on Thursday, June 25th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. Worthington Steel had a return on equity of 10.12% and a net margin of 3.64%.The company had revenue of $929.20 million during the quarter, compared to analysts’ expectations of $992.00 million. During the same period last year, the business earned $1.05 earnings per share. Worthington Steel’s quarterly revenue was up 11.6% on a year-over-year basis. On average, sell-side analysts predict that Worthington Steel will post 2.15 EPS for the current year.

Worthington Steel Company Profile

Worthington Steel (NYSE: WS) is a leading North American steel processor specializing in the production of flat-rolled, coated and painted sheet and coil products. Operating as a wholly owned subsidiary of Worthington Industries, the company serves a broad range of industries, including construction, automotive, appliance, energy and agricultural equipment. Its core business activities encompass the processing, finishing and distribution of carbon and advanced high-strength steels, aluminum and stainless products to manufacturers across the continent.

The company’s product portfolio includes hot-dip galvanizing, galvannealed, aluminized and pre-painted steel products, as well as cold-rolled and hot-rolled coil.