Worthington Industries Inc. (NYSE: WOR)

Worthington Industries, a versatile industrial manufacturing company, just announced a 6.25% bump in their quarterly dividend, bringing it up to $0.17 per share.

This boost marks yet another step in their long history of rewarding shareholders, with the next payout slated for September 27, 2024, to those on record by September 13, 2024. This increase reflects their ongoing commitment to shareholders since their first dividend back in 1968.

With a solid annual dividend of $0.68 per share, Worthington offers a yield of about 1.51%. Over the past several years, they’ve maintained a consistent pattern of dividend growth, underscoring their financial stability and robust business model.

Worthington isn’t just about dividends. They’ve recently completed the acquisition of Hexagon Ragasco, a global leader in LPG composite cylinders, which bolsters their position in the market and opens up new growth avenues. They’re clearly not sitting idle—always looking to expand and innovate.

So, if you’re looking for a dependable industrial stock that keeps its shareholders in mind, Worthington Industries might just be the steady performer you need in your portfolio!