Worthington Keeps Dividend Steady
Diversified metals manufacturer Worthington Industries announced today its first-quarter dividend of $0.15 per share, the same rate paid last quarter after raising the payout to investors 15% from $0.13 per share. However, the metals maker accelerated payment of the fiscal 2013 third- and fourth-quarter dividends into December 2012.
The board of directors said the quarterly dividend is payable on December 27 to holders of record at the close of business on December 13. The regular dividend payment equates to a $0.60-per-share annual dividend, yielding 1.8% based on the closing price today of Worthington Industries' stock.
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