Worthington Enterprises, Inc. (NYSE:WOR) Plans Quarterly Dividend of $0.19

Worthington Enterprises, Inc. (NYSE:WOR) declared a quarterly dividend on Tuesday, December 16th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.19 per share by the industrial products company on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, March 13th.

Worthington Enterprises has decreased its dividend by an average of 0.1%per year over the last three years. Worthington Enterprises has a payout ratio of 21.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Worthington Enterprises to earn $3.08 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 24.7%.

Worthington Enterprises Trading Down 3.5%

Worthington Enterprises stock traded down $1.97 during trading hours on Wednesday, reaching $54.33. 179,986 shares of the company’s stock traded hands, compared to its average volume of 288,408. Worthington Enterprises has a fifty-two week low of $38.63 and a fifty-two week high of $70.91. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 25.50 and a beta of 1.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.24 and a current ratio of 3.30. The firm’s 50 day moving average is $55.66 and its 200-day moving average is $59.80.

Worthington Enterprises (NYSE:WOR) last issued its earnings results on Tuesday, December 16th. The industrial products company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.06). Worthington Enterprises had a net margin of 8.91% and a return on equity of 17.70%. The business had revenue of $327.45 million for the quarter, compared to the consensus estimate of $310.60 million. During the same quarter in the previous year, the firm posted $0.60 EPS. The business’s revenue was up 19.5% on a year-over-year basis. On average, analysts predict that Worthington Enterprises will post 2.67 earnings per share for the current year.

Worthington Enterprises Company Profile

Worthington Enterprises, Inc operates as an industrial manufacturing company. It operates through three segments: Building Products, Consumer Products, and Sustainable Energy Solutions. The Building Products segment sells refrigerant and LPG cylinders, well water and expansion tanks, fire suppression tanks, chemical tanks, and foam and adhesive tanks for gas producers, and distributors.