Worthington Industries Increases Quarterly Dividend; Authorizes Share Repurchase
March 24 2021 - 9:44AM
The board of directors of Worthington Industries, Inc. (NYSE: WOR)
has declared a quarterly dividend of $0.28 per share, an increase
of $0.03 per share from the prior quarter. The dividend is payable
on June 29, 2021, to shareholders of record June 15, 2021.
Worthington has paid a quarterly dividend since it became a public
company in 1968 and this marks the 11th consecutive year the
Company has increased its dividend.
In addition, the board of directors authorized the
repurchase of up to an additional 5,618,464 of the Company's common
shares, increasing the total number of common shares available for
repurchase to 10,000,000.
About Worthington Industries
Worthington Industries (NYSE:WOR) is a leading industrial
manufacturing company delivering innovative solutions to customers
that span many industries including transportation, construction,
industrial, agriculture, retail and energy. Worthington is North
America’s premier value-added steel processor and producer of laser
welded products; and a leading global supplier of pressure
cylinders and accessories for applications such as fuel storage,
water systems, outdoor living, tools and celebrations. The
Company’s brands, primarily sold in retail stores, include
Coleman®, Bernzomatic®, Balloon Time®, Mag Torch®, Well-X-Trol®,
General®, Garden-Weasel®, Pactool International® and Hawkeye™.
Worthington’s WAVE joint venture with Armstrong is the North
American leader in innovative ceiling solutions.
Headquartered in Columbus, Ohio, Worthington
operates 50 facilities in 15 states and seven countries, sells into
over 90 countries and employs approximately 8,000 people. Founded
in 1955, the Company follows a people-first philosophy with earning
money for its shareholders as its first corporate goal.
Relentlessly finding new ways to drive progress and practicing a
shared commitment to transformation, Worthington makes better
solutions possible for customers, employees, shareholders and
communities.
Safe Harbor Statement The Company
wishes to take advantage of the Safe Harbor provisions included in
the Private Securities Litigation Reform Act of 1995 (the “Act").
Statements by the Company which are not historical information
constitute "forward looking statements" within the meaning of the
Act. All forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ from those
projected. Factors that could cause actual results to differ
materially include risks, uncertainties and impacts related to
COVID-19 and the various actions taken in connection therewith, and
risks described from time to time in the Company's filings with the
Securities and Exchange Commission.
SONYA L. HIGGINBOTHAMVP, CORPORATE
COMMUNICATIONS AND BRAND
MANAGEMENT614.438.7391 | sonya.higginbotham@worthingtonindustries.com
MARCUS A. ROGIERTREASURER AND
INVESTOR RELATIONS OFFICER614.840.4663 |
marcus.rogier@worthingtonindustries.com
200 Old Wilson Bridge Rd. | Columbus, Ohio 43085WorthingtonIndustries.com
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