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

Worthington Steel, Inc. (NYSE:WS) announced a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date is Friday, March 14th.

Worthington Steel Stock Down 14.4 %

Shares of WS stock opened at $32.46 on Friday. The business has a 50-day simple moving average of $40.95 and a 200-day simple moving average of $36.16. Worthington Steel has a 52-week low of $23.82 and a 52-week high of $47.19. The stock has a market cap of $1.65 billion and a PE ratio of 13.09.

Worthington Steel (NYSE:WS) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The company had revenue of $739.00 million during 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 revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.11 earnings per share. Sell-side analysts anticipate that Worthington Steel will post 2.95 earnings per share for the current fiscal 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.