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. Worthington Steel, Inc. was incorporated in 2023 and is based in Columbus, Ohio.
Worthington Steel Dividend Announcement
• Worthington Steel announced a quarterly dividend of $0.16 per ordinary share which will be made payable on 2024-12-27. Ex dividend date: 2024-12-13
• Worthington Steel annual dividend for 2024 was $0.64
• Worthington Steel's trailing twelve-month (TTM) dividend yield is 1.08%
• Worthington Steel's payout ratio for the trailing twelve months (TTM) is 133.15%
Worthington Steel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.16 | quarterly | 2024-12-27 |
2024-09-13 | $0.16 | quarterly | 2024-09-27 |
2024-06-14 | $0.16 | quarterly | 2024-06-28 |
2024-03-13 | $0.16 | quarterly | 2024-03-28 |
Worthington Steel Dividend per year
Worthington Steel Dividend Yield
Worthington Steel current trailing twelve-month (TTM) dividend yield is 1.08%. Interested in purchasing Worthington Steel stock? Use our calculator to estimate your expected dividend yield:
Worthington Steel Financial Ratios
Worthington Steel Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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