Worthington Enterprises Increases Quarterly Dividend From $0.16 To $0.17 Per Share
Portfolio Pulse from Benzinga Newsdesk
Worthington Enterprises, Inc. (NYSE:WOR) has announced an increase in its quarterly dividend from $0.16 to $0.17 per share, a 6.25% rise. The dividend will be payable on September 27, 2024, to shareholders of record on September 13, 2024. The company has consistently paid a quarterly dividend since its IPO in 1968.
June 25, 2024 | 4:54 pm
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Worthington Enterprises has increased its quarterly dividend by 6.25% to $0.17 per share. This move signals financial stability and a commitment to returning value to shareholders, which could positively impact the stock price in the short term.
The increase in the quarterly dividend by 6.25% demonstrates Worthington Enterprises' strong financial position and commitment to rewarding shareholders. Historically, dividend increases are viewed positively by the market, likely leading to a short-term boost in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100