Worthington Industries hikes dividend by 10.7%
On June 22, 2022The board of directors of Worthington Industries, Inc. (ticker WOR) has declared a quarterly dividend of $0.31 per share, an increase of $0.03 per share or 11% from the prior quarter. The dividend is payable on Sept. 29, 2022, to shareholders of record on Sept. 15, 2022. Worthington has paid a quarterly dividend since it became a public company in 1968. This new dividend hike will mark the 12th consecutive year of dividend increases by the metals manufacturing company. The dividend yield for WOR is 2.8% at a stock price of $44.
Worthington Industries is a metals manufacturing company. Headquartered in Columbus, Ohio, Worthington serves customers in automotive, construction and agriculture markets. The company manufactures pressure cylinders for propane, refrigerant and industrial gasses and cryogenic applications, water well tanks for commercial and residential uses, CNG and LNG storage, transportation and alternative fuel tanks, oil & gas equipment, and consumer products for camping, grilling, hand torch solutions and helium balloon kits. Also WOR is a manufacturer of operator cabs for heavy mobile industrial equipment; laser welded blanks for light weighting applications; automotive racking solutions; and through joint ventures, complete ceiling grid solutions; automotive tooling and stampings; and steel framing for commercial construction. Worthington has paid a quarterly dividend since it became a public company in 1968.
