Worthington Industries Declares Quarterly Dividend and Share Repurchase Authorization
September 27 2017 - 12:47PM
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.
About Worthington Industries
Worthington Industries is a leading global diversified metals
manufacturing company with 2017 fiscal year sales of $3.0
billion. Headquartered in Columbus, Ohio, Worthington is
North America’s premier value-added steel processor providing
customers with wide ranging capabilities, products and services for
a variety of markets including automotive, construction and
agriculture; a global leader in manufacturing pressure cylinders
for propane, refrigerant and industrial gases and cryogenic
applications, water well tanks for commercial and residential uses,
CNG and LNG storage, transportation and alternative fuel tanks, oil
& gas equipment, and consumer products for camping, grilling,
hand torch solutions and helium balloon kits; and a manufacturer of
operator cabs for heavy mobile industrial equipment; laser welded
blanks for light weighting applications; automotive racking
solutions; and through joint ventures, complete ceiling grid
solutions; automotive tooling and stampings; and steel framing for
commercial construction. Worthington employs approximately
11,000 people and operates 85 facilities in 11 countries.
Founded in 1955, the Company operates under a long-standing
corporate philosophy rooted in the golden rule. Earning money for
its shareholders is the first corporate goal. This philosophy
serves as the basis for an unwavering commitment to the customer,
supplier, and shareholder, and as the Company’s foundation for one
of the strongest employee-employer partnerships in American
industry.
Safe Harbor StatementThe 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 relating to its ability to increase market
participation, expand and integrate capacity, increase efficiencies
and reduce lead time, achieve growth in general and in specific
markets, and other statements 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 described from time to time in the
Company's filings with the Securities and Exchange Commission.
Contacts:CATHY M. LYTTLEVP, CORPORATE COMMUNICATIONSAND INVESTOR RELATIONS614.438.3077 | cathy.lyttle@WorthingtonIndustries.com
SONYA L. HIGGINBOTHAMDIRECTOR, CORPORATE COMMUNICATIONS614.438.7391 | sonya.higginbotham@worthingtonindustries.com
200 Old Wilson Bridge Rd. | Columbus, Ohio 43085WorthingtonIndustries.com
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