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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 dateDividend amountDividend typePay date
2024-12-13$0.16quarterly2024-12-27
2024-09-13$0.16quarterly2024-09-27
2024-06-14$0.16quarterly2024-06-28
2024-03-13$0.16quarterly2024-03-28

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

P/E ratio17.62
PEG ratio0.17
P/B ratio2.18
ROE12.55%
Payout ratio133.15%
Current ratio1.71
Quick ratio1.01
Cash Ratio0.06

Worthington Steel Dividend FAQ

Does Worthington Steel stock pay dividends?
Worthington Steel does not currently pay dividends to its shareholders.
Has Worthington Steel ever paid a dividend?
No, Worthington Steel has no a history of paying dividends to its shareholders. Worthington Steel is not known for its dividend payments.
Why doesn't Worthington Steel pay dividends?
There are several potential reasons why Worthington Steel would choose not to pay dividends to their shareholders:

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.
Will Worthington Steel ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Worthington Steel has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Worthington Steel a dividend aristocrat?
Worthington Steel is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Worthington Steel a dividend king?
Worthington Steel is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Worthington Steel a dividend stock?
No, Worthington Steel is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Worthington Steel stocks?
To buy Worthington Steel you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Worthington Steel stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.