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

Worthington Steel, Inc. (NYSE:WS) declared a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Friday, June 13th will be given a dividend of 0.16 per share on Friday, June 27th. This represents a $0.64 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, June 13th.

Worthington Steel Stock Performance

NYSE WS opened at $27.93 on Friday. The stock has a market capitalization of $1.42 billion, a P/E ratio of 9.80 and a beta of 2.62. Worthington Steel has a 52 week low of $24.22 and a 52 week high of $47.19. The stock has a fifty day moving average of $28.29 and a 200-day moving average of $34.07.

Worthington Steel (NYSE:WS) last issued its earnings results on Wednesday, March 19th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.32). Worthington Steel had a net margin of 4.36% and a return on equity of 12.59%. The business had revenue of $687.40 million for the quarter, compared to the consensus estimate of $732.00 million. During the same quarter in the previous year, the firm posted $0.99 EPS. The business’s revenue was down 14.7% on a year-over-year basis. Equities research analysts forecast that Worthington Steel will post 2.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, KeyCorp decreased their price objective on shares of Worthington Steel from $41.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, March 7th.

About Worthington Steel

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.