Worthington Steel, Inc. (WS) To Go Ex-Dividend on March 14th

Worthington Steel, Inc. (NYSE:WS) announced a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.16 per share on Friday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, March 14th.

Worthington Steel Stock Up 5.1 %

Worthington Steel stock opened at $34.10 on Friday. The stock has a market cap of $1.73 billion and a price-to-earnings ratio of 13.75. Worthington Steel has a 12-month low of $23.82 and a 12-month high of $47.19. The business’s 50-day simple moving average is $40.95 and its 200 day simple moving average is $36.16.

Worthington Steel (NYSE:WS) last released its earnings results on Wednesday, December 18th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $740.40 million. Worthington Steel had a return on equity of 12.14% and a net margin of 3.71%. Worthington Steel’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. As a group, sell-side analysts expect that Worthington Steel will post 2.95 EPS for the current year.

Worthington Steel Company Profile

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.