Worthington Stock To Go Ex-dividend Tomorrow (WOR)

NEW YORK ( TheStreet) -- The ex-dividend date for Worthington Industries (NYSE: WOR) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 12 cents per share. At a price of $17.59 as of 9:30 a.m. ET, the dividend yield is 2.8%.

The average volume for Worthington has been 527,700 shares per day over the past 30 days. Worthington has a market cap of $1.32 billion and is part of the basic materials sector and metals & mining industry. Shares are up 8.1% year to date as of the close of trading on Friday.

Worthington Industries, Inc. operates as a diversified metals processing company focusing on steel processing and manufactured metal products in the United States, Canada, and Europe. The company has a P/E ratio of 10.5, below the average metals & mining industry P/E ratio of 12.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Worthington as a buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Worthington Ratings Report.

See our dividend calendar or top-yielding stocks list.
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