Worthington Enterprises, Inc. (NYSE:WOR) to Issue Quarterly Dividend of $0.20

Worthington Enterprises, Inc. (NYSE:WOR) announced a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Tuesday, December 15th will be paid a dividend of 0.20 per share by the industrial products company on Tuesday, December 29th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, December 15th.

Worthington Enterprises has decreased its dividend by an average of 0.1%annually over the last three years. Worthington Enterprises has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Worthington Enterprises to earn $4.20 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 19.0%.

Worthington Enterprises Stock Up 0.4%

NYSE:WOR traded up $0.27 on Wednesday, hitting $59.20. 651,000 shares of the company’s stock were exchanged, compared to its average volume of 235,730. The firm has a 50-day moving average price of $57.56 and a 200-day moving average price of $55.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.37 and a quick ratio of 1.43. Worthington Enterprises has a 52 week low of $45.01 and a 52 week high of $67.54. The company has a market cap of $2.90 billion, a P/E ratio of 19.04 and a beta of 1.30.

Worthington Enterprises (NYSE:WOR) last posted its quarterly earnings data on Tuesday, September 22nd. The industrial products company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. The company had revenue of $343.89 million during the quarter, compared to the consensus estimate of $331.26 million. Worthington Enterprises had a net margin of 11.30% and a return on equity of 16.79%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. As a group, analysts expect that Worthington Enterprises will post 3.75 EPS for the current fiscal year.

Worthington Enterprises Company Profile

Worthington Enterprises, Inc (NYSE: WOR) is a diversified manufacturer and branded products company focused primarily on consumer and building-product markets. The company develops, manufactures and markets products used by consumers, contractors and other professional customers.

Its consumer products activities include outdoor living, lawn and garden, tools and related products. Its portfolio has included brands such as Bernzomatic, Balloon Time, Mag-Torch and General Tools, although its product portfolio may change as the company manages its businesses and brands.

Worthington Enterprises also participates in the building-products industry, supplying products used in commercial and residential construction.