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

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 paid a dividend of 0.16 per share on Friday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, March 14th.

Worthington Steel Price Performance

WS opened at $32.46 on Friday. The stock’s 50 day moving average price is $40.95 and its 200 day moving average price is $36.16. Worthington Steel has a 12 month low of $23.82 and a 12 month high of $47.19. The stock has a market cap of $1.65 billion and a P/E ratio of 13.09.

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

Worthington Steel Company Profile

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.