Worthington Steel declares quarterly dividend of $0.16 per share

COLUMBUS, Ohio - Worthington Steel, Inc. (NYSE:WS) announced Wednesday that its board of directors has declared a quarterly dividend of $0.16 per common share, payable on September 26, 2025, to shareholders of record as of September 12, 2025. The dividend represents a yield of 2.49%, with the company maintaining strong fundamentals including a P/E ratio of 11.1 and healthy cash flows to cover interest payments.

The metals processor will hold a conference call to discuss its fiscal 2025 fourth quarter results on Thursday at 8:30 a.m. ET. The company will make a live webcast available on its investor relations website. According to InvestingPro analysis, Worthington Steel maintains a GOOD financial health score and appears slightly undervalued based on comprehensive Fair Value calculations.

Worthington Steel processes carbon flat-roll steel and provides electrical steel laminations and tailor welded solutions. The Columbus-based company operates 37 facilities across seven states and 10 countries, employing approximately 6,000 people.

The company describes itself as one of the most trusted metals processors in North America, offering services including galvanizing, pickling, configured blanking, specialty cold reduction, lightweighting and electrical lamination.

This announcement was made through a press release statement issued by the company.

In other recent news, Worthington Steel, Inc. has completed the acquisition of a majority equity stake in the Sitem Group, a European manufacturer of electric motor laminations. Worthington Steel now owns approximately 52% of the Sitem Group through its subsidiary, Tempel Steel Company, LLC. This strategic acquisition is aimed at enhancing Worthington Steel’s presence in the European market and strengthening its capabilities in serving the global automotive, industrial motor, and transformer sectors. Sitem Group operates six manufacturing facilities across Italy, Switzerland, Slovakia, and France, and will continue to be led by its current leadership team. The transaction involved a cash investment, acquisition of shares from existing shareholders, and the contribution of Worthington Steel’s facility in Nagold, Germany. Worthington Steel’s strategic investment supports its long-term goal of expanding its presence in high-value electrical steel applications. The company has expressed expectations of potential benefits to its business and financial results from this transaction, although it acknowledges risks and uncertainties that may affect actual outcomes.

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