Worthington Industries (NYSE: WOR) has announced a quarterly dividend of $0.170 per share, with an ex-dividend date of Jun 13, 2025. The dividend will be paid on Jun 27, 2025, following the announcement made on Mar 25, 2025. This dividend is consistent with the previous distribution on Mar 28, 2025, which was also $0.170 per share. Over the last ten dividends, the average per share has been $0.186, indicating the current payout is slightly lower than the historical trend. The dividend type is cash distribution.
Recently,
Enterprises has been involved in several developments impacting its market performance and business operations. Over the past week, analysts have adjusted their outlook on Worthington, with some raising their price targets. For instance, on May 5, an analyst upgraded Worthington's target price by 8.5% to $58.80, reflecting a positive sentiment towards the company's potential. Additionally, Two Sigma Investments LP altered its position in Worthington, reducing its stake by 38.3% during the fourth quarter, which was disclosed in recent filings.
As of late, Worthington Enterprises has reported its third-quarter fiscal 2025 results, revealing a quarterly earnings per share of $0.910, surpassing analyst expectations of $0.730. The company also reported revenues of $304.520 million, beating projections of $289.090 million. Despite a 3.9% decrease compared to the same period last year, the firm demonstrated solid financial performance with a return on equity of 14.7% and a net margin of 3.66%. Investors are closely watching these figures as a reflection of the company's financial health and strategic direction.
In conclusion, Worthington Enterprises is displaying a stable financial trajectory with consistent dividend payouts and positive analyst revisions. Investors should note that the ex-dividend date is Jun 13, 2025, which is the final opportunity to purchase shares and qualify for the dividend. Any acquisitions made post this date will not be eligible for the upcoming dividend distribution.
Comments
No comments yet