Worthington Keeps Dividend Steady

The metals manufacturer accelerated the last two dividend payouts into one payment last December.

By Rich Duprey – Sep 25, 2013 at 9:57PM EST

Diversified metals manufacturer Worthington Industries (WOR 1.24%) 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.

WOR Dividend data by YCharts. Chart reflects accelerated dividends paid in December 2012.

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

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Worthington Keeps Dividend Steady

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