Worthington Enterprises Boosts Dividend by 12% for Shareholders
Worthington Enterprises Raises Quarterly Dividend
Worthington Enterprises Inc. (NYSE: WOR) has made an exciting announcement that has pleased its shareholders. The company’s board of directors has declared a quarterly dividend of $0.19 per share, marking an impressive increase of $0.02 per share, which translates to a 12% rise from the previous quarter. This increase highlights the company’s ongoing commitment to delivering value to its investors and reflects its strong financial performance.
Key Dividend Details
This new dividend rate will be payable to shareholders, showcasing Worthington's dedication to rewarding its investors. The payout is scheduled for September 29 of this year, and shareholders on record as of September 15 will qualify for this dividend. This marks a significant milestone for Worthington Enterprises, as the company has consistently paid dividends since its initial public offering in 1968, demonstrating a long-standing commitment to shareholder returns.
Upcoming Earnings Conference Call
In addition to the dividend news, Worthington Enterprises is preparing for its quarterly earnings conference call, set to take place at 8:30 a.m. ET. During this call, the company will discuss its fiscal fourth-quarter results, which will be made available after market closure earlier that day. This session is crucial for stakeholders looking to understand the company’s financial trajectory and future prospects.
About Worthington Enterprises
Headquartered in Columbus, Ohio, Worthington Enterprises (NYSE: WOR) stands as a pioneer in designing and manufacturing market-leading brands that enhance everyday life. The company operates through two primary segments: Building Products and Consumer Products. The Building Products division provides innovative solutions for a range of needs including cooking, heating, and architectural requirements. Meanwhile, the Consumer Products segment caters to tools, outdoor living, and celebration markets.
Brand Portfolio
Within its diverse portfolio, Worthington Enterprises boasts renowned brands such as Balloon Time®, Bernzomatic®, and Coleman®, among others. This range of products not only showcases the company’s prowess in various markets but also reflects its commitment to quality and innovation.
Workforce and Philosophy
The company employs approximately 6,000 individuals across North America and Europe, embodying a people-first philosophy aimed at fostering innovation and growth. This operational ethos is complemented by community engagement efforts, where Worthington actively participates in local initiatives and charitable programs. The Worthington Companies Foundation exemplifies this commitment, supporting workforce development and sustainability projects aimed at creating a positive societal impact.
Conclusion
As Worthington Enterprises moves forward, its recent decision to increase the quarterly dividend demonstrates not just a financial growth strategy, but a broader commitment to its stakeholders. With a rich history of dividend payouts and a profound bond with the community, the company continues to exemplify the virtues of responsible corporate citizenship. This narrative of growth and community dedication positions Worthington Enterprises as a notable entity in today's business landscape.
Frequently Asked Questions
What is the new quarterly dividend declared by Worthington Enterprises?
The new quarterly dividend is $0.19 per share, reflecting a 12% increase from the previous quarter.
When will the new dividend be payable?
The dividend will be payable on September 29 to shareholders of record on September 15.
What event is Worthington Enterprises holding soon?
Worthington Enterprises will hold a quarterly earnings conference call on June 25, where they will discuss their fourth-quarter results.
What are the main business segments of Worthington Enterprises?
The company operates in two primary segments: Building Products and Consumer Products.
How many employees does Worthington Enterprises have?
Worthington Enterprises employs approximately 6,000 people in North America and Europe.
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