Worthington Stock To Go Ex-dividend Tomorrow (WOR)

NEW YORK ( TheStreet) -- The ex-dividend date for Worthington Industries (NYSE: WOR) is tomorrow, June 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 $16.31 as of 9:59 a.m. ET, the dividend yield is 2.8%.

The average volume for Worthington has been 642,500 shares per day over the past 30 days. Worthington has a market cap of $1.16 billion and is part of the basic materials sector and metals & mining industry. Shares are down 2.1% year to date as of the close of trading on Monday.

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 10.4, below the average metals & mining industry P/E ratio of 10.5 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 revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and growth in earnings per share. 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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