Worthington Industries, Inc., an industrial manufacturing company, focuses on value-added steel processing, manufactured consumer, building, and sustainable mobility products in North America and internationally. It operates through Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions segments. The Steel Processing segment processes flat-rolled steel for customers primarily in the automotive, aerospace, agricultural, appliance, construction, container, energy, hardware, heavy-truck, HVAC, lawn and garden, leisure and recreation, office furniture, and office equipment markets. It also toll processes steel for steel mills, large end-users, service centers, and other processors. The Consumer Products segment sells tools, outdoor living, and celebrations products under the Coleman, Bernzomatic, Balloon Time, Mag-Torch, General, Garden-Weasel, Pactool International, Hawkeye, Worthington Pro Grade, and Level5 brand names. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, and other specialty products to gas producers and distributors. The Sustainable Energy Solutions segment offers on-board fueling systems and services, as well as gas containment solutions and services for the storage, transport, and distribution of industrial gases. The company was founded in 1955 and is headquartered in Columbus, Ohio.
Worthington Industries Dividend Announcement
• Worthington Industries announced a quarterly dividend of $0.17 per ordinary share which will be made payable on 2024-12-27. Ex dividend date: 2024-12-13
• Worthington Industries annual dividend for 2024 was $0.66
• Worthington Industries annual dividend for 2023 was $1.26
• Worthington Industries's trailing twelve-month (TTM) dividend yield is 2.0%
• Worthington Industries's payout ratio for the trailing twelve months (TTM) is 126.93%
• Worthington Industries's dividend growth over the last five years (2018-2023) was 7.44% year
• Worthington Industries's dividend growth over the last ten years (2013-2023) was 15.43% year
Worthington Industries Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.17 | quarterly | 2024-12-27 |
2024-09-13 | $0.17 | quarterly | 2024-09-27 |
2024-06-14 | $0.16 | quarterly | 2024-06-28 |
2024-03-14 | $0.16 | quarterly | 2024-03-29 |
2023-11-14 | $0.32 | quarterly | 2023-12-15 |
2023-09-14 | $0.32 | quarterly | 2023-09-29 |
2023-06-14 | $0.31 | quarterly | 2023-06-29 |
2023-03-14 | $0.31 | quarterly | 2023-03-29 |
2022-12-14 | $0.31 | quarterly | 2022-12-29 |
2022-09-14 | $0.31 | quarterly | 2022-09-29 |
2022-06-14 | $0.28 | quarterly | 2022-06-29 |
2022-03-14 | $0.28 | quarterly | 2022-03-29 |
2021-12-14 | $0.28 | quarterly | 2021-12-29 |
2021-09-14 | $0.28 | quarterly | 2021-09-29 |
2021-06-14 | $0.28 | quarterly | 2021-06-29 |
2021-03-12 | $0.25 | quarterly | 2021-03-29 |
2020-12-14 | $0.25 | quarterly | 2020-12-29 |
2020-09-14 | $0.25 | quarterly | 2020-09-29 |
2020-06-12 | $0.24 | quarterly | 2020-06-29 |
2020-03-12 | $0.24 | quarterly | 2020-03-27 |
2019-12-12 | $0.24 | quarterly | 2019-12-27 |
2019-09-12 | $0.24 | quarterly | 2019-09-27 |
2019-06-13 | $0.23 | quarterly | 2019-06-28 |
2019-03-14 | $0.23 | quarterly | 2019-03-29 |
2018-12-13 | $0.23 | quarterly | 2018-12-28 |
2018-09-13 | $0.23 | quarterly | 2018-09-28 |
2018-06-14 | $0.21 | quarterly | 2018-06-29 |
2018-03-14 | $0.21 | quarterly | 2018-03-29 |
2017-12-14 | $0.21 | quarterly | 2017-12-29 |
2017-09-14 | $0.21 | quarterly | 2017-09-29 |
2017-06-13 | $0.20 | quarterly | 2017-06-29 |
2017-03-13 | $0.20 | quarterly | 2017-03-29 |
2016-12-13 | $0.20 | quarterly | 2016-12-29 |
2016-09-13 | $0.20 | quarterly | 2016-09-29 |
2016-06-13 | $0.19 | quarterly | 2016-06-29 |
2016-03-11 | $0.19 | quarterly | 2016-03-29 |
2015-12-11 | $0.19 | quarterly | 2015-12-29 |
2015-09-11 | $0.19 | quarterly | 2015-09-29 |
2015-06-11 | $0.18 | quarterly | 2015-06-29 |
2015-03-11 | $0.18 | quarterly | 2015-03-27 |
2014-12-11 | $0.18 | quarterly | 2014-12-26 |
2014-09-11 | $0.18 | quarterly | 2014-09-29 |
2014-06-11 | $0.15 | quarterly | 2014-06-27 |
2014-03-12 | $0.15 | quarterly | 2014-03-28 |
2013-12-11 | $0.15 | quarterly | 2013-12-27 |
2013-09-11 | $0.15 | quarterly | 2013-09-27 |
Worthington Industries Dividend per year
Worthington Industries Dividend growth
Worthington Industries Dividend Yield
Worthington Industries current trailing twelve-month (TTM) dividend yield is 2.0%. Interested in purchasing Worthington Industries stock? Use our calculator to estimate your expected dividend yield:
Worthington Industries Financial Ratios
Worthington Industries Dividend FAQ
Other factors to consider when evaluating Worthington Industries as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Worthington Industries's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Worthington Industries publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Worthington Industries distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Worthington Industries are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Worthington Industries sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Worthington Industries distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Worthington Industries declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Worthington Industries's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Worthington Industries's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.