Worthington Industries Increases Quarterly Dividend

Rhea-AI Summary

The board of directors of Worthington Industries (NYSE: WOR) has declared a quarterly dividend of $0.31 per share, marking an 11% increase from the previous quarter. This dividend is payable on September 29, 2022, to shareholders of record by September 15, 2022. Worthington has increased its dividend for the 12th consecutive year and has paid quarterly dividends since going public in 1968. The company continues to focus on innovation across various sectors, enhancing returns for its shareholders.

Positive

• Quarterly dividend increased by $0.03 to $0.31 per share.
• 12th consecutive year of dividend increase.
• Long-standing history of paying dividends since 1968.

Negative

• None.

COLUMBUS, Ohio, June 22, 2022 (GLOBE NEWSWIRE) -- The board of directors of Worthington Industries, Inc. (NYSE: 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 and this marks the 12^th consecutive year the Company has increased its dividend.

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 58 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 new dividend amount for Worthington Industries (WOR)?

The new dividend amount is $0.31 per share.

When will the dividend be paid to shareholders of Worthington Industries (WOR)?

The dividend will be paid on September 29, 2022.

What is the record date for Worthington Industries (WOR) dividend?

The record date for the dividend is September 15, 2022.

How many years has Worthington Industries (WOR) increased its dividend?

Worthington Industries has increased its dividend for 12 consecutive years.

Has Worthington Industries (WOR) always paid dividends?

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