Worthington Enterprises Increases Quarterly Dividend by 6.25%

Rhea-AI Summary

Worthington Enterprises (NYSE: WOR) announced a 6.25% increase in its quarterly dividend to $0.17 per share, payable on September 27, 2024, to shareholders of record as of September 13, 2024. This marks a $0.01 per share increase from the previous quarter. The company has consistently paid a quarterly dividend since its IPO in 1968. Worthington Enterprises, known for designing and manufacturing market-leading brands, will also hold a quarterly earnings conference call on June 26, 2024, at 8:30 a.m. ET to discuss its fiscal fourth-quarter results, which will be released later today.

Positive

• Quarterly dividend increased by 6.25% to $0.17 per share.
• Consistent dividend payments since 1968 highlight financial stability and shareholder commitment.

Negative

• None.

COLUMBUS, Ohio, June 25, 2024 (GLOBE NEWSWIRE) -- The Worthington Enterprises, Inc. (NYSE: WOR) Board of Directors today declared a quarterly dividend of $0.17 per share, which represents an increase of $0.01 per share or 6.25 percent from the prior quarter. The dividend is payable on September 27, 2024, to shareholders of record on September 13, 2024. The Company has paid a quarterly dividend since its initial public offering in 1968.

Worthington Enterprises, a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives, will hold its quarterly earnings conference call tomorrow at 8:30 a.m. ET. The Company will discuss its fiscal fourth quarter results, which will be released later today after the market closes.

Please click here to register for tomorrow's live audio webcast or visit IR.worthingtonenterprises.com. For those unable to listen live, a replay will be available in the Investors section of the Company’s website approximately two hours after the completion of the call and will be archived for one year.

LIVE CONFERENCE CALL DETAILS
Date:	Wednesday, June 26, 2024
Starting Time:	8:30 a.m. ET
Conference ID:	1777337
Domestic Participants:	888-330-3567

About Worthington Enterprises
Worthington Enterprises (NYSE: WOR) is a designer and manufacturer of market-leading brands that help enable people to live safer, healthier and more expressive lives. The Company operates with two primary business segments—Building Products and Consumer Products. The Building Products segment includes cooking, heating, cooling and water solutions, architectural and acoustical grid ceilings and metal framing and accessories. The Consumer Products segment provides solutions for the tools, outdoor living and celebrations categories. Product brands within the Worthington Enterprises portfolio include Balloon Time®, Bernzomatic®, Coleman®, CoMet®, Garden-Weasel®, General®, HALO™, Hawkeye™, Level5 Tools®, Mag Torch®, NEXI™, Pactool International®, PowerCore™, Well-X-Trol® and XLite™, among others. The Company also serves the growing global hydrogen ecosystem via a joint venture focused on on-board fueling systems and gas containment solutions.

Headquartered in Columbus, Ohio, Worthington Enterprises employs approximately 4,000 people throughout North America and Europe.

Founded in 1955 as Worthington Industries, Worthington Enterprises follows a people-first Philosophy with earning money for its shareholders as its first corporate goal. Worthington Enterprises achieves this outcome by empowering its employees to innovate, thrive and grow with leading brands in attractive markets that improve everyday life. The Company engages deeply with local communities where it has operations through volunteer efforts and The Worthington Companies Foundation, participates actively in workforce development programs and reports annually on its corporate citizenship and sustainability efforts. For more information, visit worthingtonenterprises.com.

Forward-Looking Statements
Statements by Worthington Enterprises that are not limited to historical information constitute “forward-looking statements” under federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that may cause actual results to differ materially from those expected by Worthington Enterprises. Readers should evaluate forward-looking statements in the context of such risks, uncertainties and other factors, many of which are described in Worthington Enterprises’ filings with the Securities and Exchange Commission (“SEC”). Forward-looking statements are qualified by the cautionary statements included in Worthington Enterprises’ SEC filings and other public communications. This press release speaks only as of the date hereof. Worthington Enterprises does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation.

Sonya L. Higginbotham
Senior Vice President
Chief of Corporate Affairs, Communications and Sustainability
614.438.7391
sonya.higginbotham@wthg.com

Marcus A. Rogier
Treasurer and Investor Relations Officer
614.840.4663
marcus.rogier@wthg.com

200 West Old Wilson Bridge Rd.
Columbus, Ohio 43085
WorthingtonEnterprises.com

FAQ

What is the new quarterly dividend for Worthington Enterprises (WOR)?

The new quarterly dividend for Worthington Enterprises (WOR) is $0.17 per share.

When is the next dividend payment date for Worthington Enterprises (WOR)?

The next dividend payment date for Worthington Enterprises (WOR) is September 27, 2024.

What is the record date for the next dividend of Worthington Enterprises (WOR)?

The record date for the next dividend of Worthington Enterprises (WOR) is September 13, 2024.

By how much did Worthington Enterprises (WOR) increase its dividend?

Worthington Enterprises (WOR) increased its dividend by $0.01 per share, representing a 6.25% increase.

How long has Worthington Enterprises (WOR) paid a quarterly dividend?

Worthington Enterprises (WOR) has paid a quarterly dividend since its initial public offering in 1968.