Worthington Steel Dividend Insights and Recent Developments: Key Information Before the Ex-Dividend Date on Jun 13, 2025

Generated by AI AgentAinvest Dividend Digest
Monday, Jun 9, 2025 8:10 pm ET1min read
Worthington Steel (WS) has announced a cash dividend of $0.160 per share, maintaining consistency with its average dividend per share over the last ten disbursements. The announcement date was Mar 19, 2025, with the ex-dividend date set for Jun 13, 2025, and the dividend payment scheduled for Jun 27, 2025. Previously, on Mar 28, 2025, the company also distributed a cash dividend of $0.160 per share. This stability reflects the company's commitment to returning value to its shareholders.

Recently, has been in the spotlight due to several key developments. Over the past week, the company completed the acquisition of a controlling equity stake in Italy-based Sitem, a move expected to bolster its market presence and enhance operational synergies. Analysts indicated that this strategic acquisition is likely to impact the company's market performance positively.

As of late, market analysts have been providing insights into Worthington Steel's stock trajectory. One analyst's forecast set a price target of $34.00, suggesting a bullish outlook based on current market conditions and the company's financial health. This projection aligns with the company's robust performance metrics, including a recent range between a 1-year low of $21.30 and a high of $47.19, showcasing its volatility and potential for growth.

Additionally, there has been a significant reduction in stake by a major investor, which saw Corp DE decrease its shares in Worthington Steel by 60.1% in the fourth quarter. This adjustment, as reported by a source, is part of a broader portfolio realignment strategy and reflects the dynamic nature of institutional investments.

In conclusion, Worthington Steel is maintaining its dividend consistency, with the ex-dividend date on Jun 13, 2025, being the last opportunity for investors to purchase shares and qualify for the upcoming dividend. Any acquisitions of stock after this date will not entitle investors to the dividend payment this time.

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