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

Worthington Steel, Inc. (NYSE:WS) declared a quarterly dividend on Friday, June 28th, Wall Street Journal reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.16 per share on Friday, September 27th. This represents a $0.64 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Friday, September 13th.

Worthington Steel Stock Performance

Worthington Steel stock traded up $0.81 during mid-day trading on Friday, hitting $33.50. The company’s stock had a trading volume of 209,606 shares, compared to its average volume of 228,158. The company has a 50 day moving average of $32.11 and a 200-day moving average of $31.27. Worthington Steel has a one year low of $21.00 and a one year high of $40.15.

Worthington Steel (NYSE:WS) last announced its quarterly earnings data on Wednesday, June 26th. The company reported $1.06 EPS for the quarter, beating the consensus estimate of $0.67 by $0.39. The business had revenue of $911.00 million during the quarter, compared to the consensus estimate of $876.30 million. The firm’s revenue was up 3.1% on a year-over-year basis. As a group, analysts expect that Worthington Steel will post 2.79 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on WS shares. KeyCorp increased their price target on Worthington Steel from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Seaport Res Ptn reissued a “neutral” rating on shares of Worthington Steel in a research report on Monday, March 11th.

Insider Transactions at Worthington Steel

In related news, Director Carl A. Nelson, Jr. sold 12,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $30.89, for a total transaction of $370,680.00. Following the sale, the director now owns 85,583 shares of the company’s stock, valued at $2,643,658.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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.