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.

WOR Dividend Chart


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

The article Worthington Keeps Dividend Steady originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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