Worthington Industries, Inc. Buyback
OLI recorded this information on 9/27/2017
Worthington Industries, Inc.
Share Amount Authorized:
The board of directors of Worthington Industries, Inc. (NYSE:WOR) has declared a quarterly dividend of $0.21 per share. The dividend is payable on December 29, 2017, to shareholders of record December 15, 2017. This marks the 200th consecutive quarter that Worthington has paid a dividend since it became a public company in 1968. In addition, the board of directors authorized the repurchase of up to an additional 6,828,855 of the Company's common shares, increasing the total number of common shares available for repurchase to 10,000,000.
Worthington Industries is a metals manufacturing company, focused on steel processing and manufactured metal products. Co. operates three segments: Steel Processing, which buys coils of steel from steel mills and mini-mills and processes them to customer specifications; Pressure Cylinders, which manufactures and sells filled and unfilled pressure cylinders, tanks, hand torches, and oil and gas equipment with accessories and related products for end-use market applications; and Engineered Cabs, which designs and manufactures open and enclosed cabs and operator stations and custom fabrications for mobile equipment, and provides complementary products such as machined structural components.
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Hold (2.00 out of 4)
(ranked lower than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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