Worthington Industries Declares Quarterly Dividend

Rhea-AI Summary

Worthington Industries (NYSE:WOR) has declared a quarterly dividend of $0.31 per share, payable on December 29, 2022, to shareholders on record by December 15, 2022. This marks a continuation of dividend payments since 1968. Headquartered in Columbus, Ohio, Worthington operates 52 facilities across 15 states and nine countries, employing approximately 9,500 people. The company focuses on innovative solutions in various sectors, including automotive and energy, positioning itself as a leader in value-added steel processing and consumer products.

Positive

• Declared a quarterly dividend of $0.31 per share.
• Consistent dividend payments since 1968 demonstrate financial stability.
• Operates 52 facilities across multiple states and countries, enhancing operational reach.

Negative

• None.

COLUMBUS, Ohio, Sept. 28, 2022 (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE:WOR) has declared a quarterly dividend of $0.31 per share. The dividend is payable on Dec. 29, 2022, to shareholders of record on Dec. 15, 2022. Worthington has paid a quarterly dividend since it became a public company in 1968.

About Worthington Industries
Worthington Industries (NYSE:WOR) is a leading industrial manufacturing company pursuing its vision to be the transformative partner to its customers, a positive force for its communities and earn exceptional returns for its shareholders. For over six decades, the Company has been delivering innovative solutions to customers spanning industries such as automotive, energy, retail and construction. Worthington is North America’s premier value-added steel processor and producer of laser welded solutions and electrical steel laminations that provide lightweighting, safety critical and emission reducing components to the mobility market. Through on-board fueling systems and gas containment solutions, Worthington serves the growing global hydrogen ecosystem. The Company’s focus on innovation and manufacturing expertise extends to market-leading consumer products in tools, outdoor living and celebrations categories, sold under brand names, Coleman®, Bernzomatic®, Balloon Time®, Level5 Tools®, Mag Torch®, Well-X-Trol®, General®, Garden-Weasel®, Pactool International® and Hawkeye™; as well as market leading building products, including water systems, heating & cooling solutions, architectural and acoustical grid ceilings and metal framing and accessories.

Headquartered in Columbus, Ohio, Worthington operates 52 facilities in 15 states and nine countries, sells into over 90 countries and employs approximately 9,500 people. Founded in 1955, the Company follows a people-first philosophy with earning money for its shareholders as its first corporate goal. Relentlessly finding new ways to drive progress and transform, Worthington is committed to providing better solutions for customers and bettering the communities where it operates by reducing waste, supporting community-based non-profits and developing the next generations of makers.

Safe Harbor Statement
Worthington Industries wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the “Act"). Statements by Worthington Industries which are not historical information constitute "forward looking statements" within the meaning of the Act. All forward-looking statements are subject to risks and uncertainties which could cause actual results to differ from those projected. Factors that could cause actual results to differ materially include risks, uncertainties and impacts described from time to time in Worthington Industries’ filings with the Securities and Exchange Commission, including those related to COVID-19 and the various actions taken in connection therewith, which could also heighten other risks.

SONYA L. HIGGINBOTHAM
VP, CORPORATE COMMUNICATIONS AND BRAND MANAGEMENT
614.438.7391 | sonya.higginbotham@worthingtonindustries.com

MARCUS A. ROGIER
TREASURER AND INVESTOR RELATIONS OFFICER
614.840.4663 | marcus.rogier@worthingtonindustries.com

200 Old Wilson Bridge Rd. | Columbus, Ohio 43085
WorthingtonIndustries.com

FAQ

What is the dividend amount declared by Worthington Industries?

The declared dividend amount is $0.31 per share.

When is the dividend payable for Worthington Industries?

The dividend is payable on December 29, 2022.

When must I own shares to receive the dividend from Worthington Industries?

Shareholders must be on record by December 15, 2022, to receive the dividend.

How long has Worthington Industries been paying dividends?

Worthington Industries has paid dividends since it became public in 1968.

What is the significance of Worthington Industries' dividend policy?

The consistent dividend payments reflect the company's financial stability and commitment to returning value to shareholders.