Worthington Steel Announces Dividend Reinvestment Plan
Worthington Steel (NYSE: WS) has implemented a Dividend Reinvestment Plan (DRIP), effective Sept. 13, 2024. The optional DRIP allows eligible shareholders to automatically reinvest all or part of their cash dividends into additional common shares. Key benefits include:
- Convenience of automatic dividend reinvestment
- Flexibility to reinvest all or a portion of dividends
Reinvestment Shares will be acquired through the open market. Registered shareholders can enroll online or by contacting Broadridge Shareholder Services at 844-917-0956. Beneficial shareholders should contact their financial intermediaries for enrollment details. Participants may incur fees for termination, withdrawal, or disposition of Reinvestment Shares. The DRIP does not affect tax obligations on reinvested dividends.
Worthington Steel (NYSE: WS) ha implementato un Piano di Reinvestimento dei Dividendi (DRIP), efficace dal 13 settembre 2024. Il DRIP opzionale consente agli azionisti idonei di reinvestire automaticamente tutto o parte dei loro dividendi in contanti in nuove azioni ordinarie. Vantaggi chiave includono:
- Comodità del reinvestimento automatico dei dividendi
- Flessibilità di reinvestire tutto o una parte dei dividendi
Le azioni di reinvestimento saranno acquisite tramite il mercato aperto. Gli azionisti registrati possono iscriversi online o contattando i Servizi Azionisti Broadridge al numero 844-917-0956. Gli azionisti beneficiari devono contattare i loro intermediari finanziari per i dettagli sull'iscrizione. I partecipanti potrebbero incorrere in costi per la cessazione, il ritiro o la disposizione delle Azioni di Reinvestimento. Il DRIP non influisce sugli obblighi fiscali sui dividendi reinvestiti.
Worthington Steel (NYSE: WS) ha implementado un Plan de Reinversión de Dividendos (DRIP), efectivo a partir del 13 de septiembre de 2024. El DRIP opcional permite a los accionistas elegibles reinvertir automáticamente todo o parte de sus dividendos en efectivo en acciones ordinarias adicionales. Beneficios clave incluyen:
- Comodidad de la reinversión automática de dividendos
- Flexibilidad para reinvertir todo o una parte de los dividendos
Las acciones de reinversión se adquirirán a través del mercado abierto. Los accionistas registrados pueden inscribirse en línea o contactando con los Servicios para Accionistas de Broadridge al 844-917-0956. Los accionistas beneficiarios deben contactar a sus intermediarios financieros para detalles de inscripción. Los participantes pueden incurrir en tarifas por la terminación, el retiro o la disposición de las Acciones de Reinversión. El DRIP no afecta las obligaciones fiscales sobre los dividendos reinvertidos.
워딩턴 스틸(Worthington Steel)(NYSE: WS)은 2024년 9월 13일부터 효력을 발생하는 배당금 재투자 계획(DRIP)을 시행했습니다. 선택적 DRIP은 자격이 있는 주주가 현금 배당금 전부 또는 일부를 추가 일반 주식으로 자동 재투자할 수 있게 해줍니다. 주요 혜택은 다음과 같습니다:
- 자동 배당금 재투자의 편리함
- 배당금 전부 또는 일부를 재투자할 수 있는 유연성
재투자 주식은 공개 시장을 통해 인수됩니다. 등록된 주주는 온라인으로 등록하거나 브로드리지 주주 서비스(844-917-0956)로 연락하여 등록할 수 있습니다. 수익 주주는 등록 세부정보를 위해 금융 중개인에게 문의해야 합니다. 참가자는 재투자 주식의 해지, 인출 또는 처분에 대해 수수료가 발생할 수 있습니다. DRIP은 재투자된 배당금에 대한 세금 의무에 영향을 미치지 않습니다.
Worthington Steel (NYSE: WS) a mis en place un Plan de Réinvestissement des Dividendes (DRIP), effectif à partir du 13 septembre 2024. Ce DRIP optionnel permet aux actionnaires éligibles de réinvestir automatiquement tout ou une partie de leurs dividendes en espèces dans des actions ordinaires supplémentaires. Les principaux avantages comprennent :
- Confort du réinvestissement automatique des dividendes
- Flexibilité pour réinvestir la totalité ou une partie des dividendes
Les actions de réinvestissement seront acquises sur le marché ouvert. Les actionnaires enregistrés peuvent s'inscrire en ligne ou en contactant les Services aux Actionnaires de Broadridge au 844-917-0956. Les actionnaires bénéficiaires doivent contacter leurs intermédiaires financiers pour les détails d'inscription. Les participants peuvent encourir des frais pour la résiliation, le retrait ou la disposition des Actions de Réinvestissement. Le DRIP n'affecte pas les obligations fiscales sur les dividendes réinvestis.
Worthington Steel (NYSE: WS) hat einen Dividenden-Reinvestitionsplan (DRIP) implementiert, der am 13. September 2024 in Kraft tritt. Der optionale DRIP ermöglicht es berechtigten Aktionären, alle oder einen Teil ihrer Bar-Dividenden automatisch in zusätzliche Stammaktien zu reinvestieren. Wesentliche Vorteile sind:
- Bequemlichkeit der automatischen Dividendenreinvertierung
- Flexibilität, alle oder einen Teil der Dividenden zu reinvestieren
Reinvestitionsaktien werden über den offenen Markt erworben. Registrierte Aktionäre können sich online anmelden oder Broadridge Aktionärsservices unter der Nummer 844-917-0956 kontaktieren. Begünstigte Aktionäre sollten ihre Finanzintermediäre für Anmeldedetails kontaktieren. Teilnehmer können Gebühren für die Kündigung, den Rückzug oder die Veräußerung von Reinvestitionsaktien anfallen. Der DRIP hat keinen Einfluss auf die Steuerpflichten auf reinvestierte Dividenden.
- Implementation of a Dividend Reinvestment Plan (DRIP) offering shareholders flexibility in dividend management
- Potential for increased shareholder loyalty and long-term investment in the company
- Possible fees associated with DRIP participation, termination, or share disposition
- Potential tax implications for shareholders participating in the DRIP
The DRIP will provide Worthington Steel’s eligible shareholders with the opportunity to have all or a portion of the cash dividends declared on their Worthington Steel common shares (“common shares”) automatically reinvested into additional common shares on an ongoing basis until DRIP participation has been modified or terminated (the “Reinvestment Shares”). The benefits of enrolling in the DRIP include the:
- convenience of automatic reinvestment of dividends in Reinvestment Shares; and
- flexibility to enroll some or all common shares in the DRIP, providing the opportunity to reinvest all or a portion of dividends in Reinvestment Shares, while continuing to receive the remainder in cash.
Participants in the DRIP will receive Reinvestment Shares acquired through the open market. Only future dividends declared by Worthington Steel will be eligible for reinvestment in the DRIP. To participate in the DRIP, registered shareholders may enroll by accessing their shareholder account online or by contacting Broadridge Shareholder Services (the “Agent”) at 844-917-0956.
Beneficial shareholders who wish to participate in the DRIP should contact their financial advisor, broker, investment dealer, bank, financial institution or other intermediary through which they hold common shares to inquire about the applicable enrollment deadline and to request enrollment in the DRIP and confirm what fees, if any, the nominee may charge to enroll in the DRIP on their behalf or whether the nominee’s policies might result in any costs otherwise becoming payable by the beneficial shareholder. Commissions, service charges, brokerage fees and other administrative fees may be payable in connection with the termination of participation in the DRIP or the withdrawal or disposition of Reinvestment Shares.
Participation in the DRIP does not relieve shareholders of any liability for taxes that may be payable in respect of dividends that are reinvested in Reinvestment Shares. Shareholders should consult their tax advisors concerning the tax implications of their participation in the DRIP.
This news release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction nor will there be any sale of these securities in any territory, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such territory, state or jurisdiction.
The aforementioned is a summary of the key attributes of the DRIP. A complete copy of the DRIP and the enrollment form will be available on the Agent’s website at https://shareholder.broadridge.com/ws. Shareholders should carefully read the complete text of the DRIP before making any decisions regarding their participation. For more information on how to enroll for registered shareholders or any other inquiries, contact the Agent at 844-917-0956.
About Worthington Steel
Worthington Steel (NYSE:WS) is a metals processor that partners with customers to deliver highly technical and customized solutions. Worthington Steel’s expertise in carbon flat-roll steel processing, electrical steel laminations and tailor welded solutions are driving steel toward a more sustainable future.
As one of the most trusted metals processors in
Safe Harbor Statement
Worthington Steel wishes to take advantage of the Safe Harbor provisions included in the Private Securities Litigation Reform Act of 1995 (the “Act"). Statements by Worthington Steel 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 Steel’s filings with the SEC.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240927378193/en/
Melissa Dykstra
Vice President
Corporate Communications and Investor Relations
Phone: 614-840-4144
Melissa.Dykstra@worthingtonsteel.com
Source: Worthington Steel, Inc.
FAQ
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