Worthington Enterprises, Inc. (WOR) is gearing up to unveil its financial performance for the first quarter of 2025, releasing earnings results after the closing bell on Tuesday, Sept. 24. While analysts anticipate a dip in earnings compared to the previous year, with estimates pointing to 74 cents per share (down from $2.06 per share in the same period last year), the company is projecting revenue of $300.26 million for the quarter.
The recent buzz surrounding Worthington Enterprises, particularly its modernization project at the Chilton, Wisconsin campus, has sparked interest among investors seeking potential gains from the company’s dividends. Worthington Enterprises currently boasts a dividend yield of 1.46%, translating to a quarterly dividend of 17 cents per share, or approximately 68 cents annually.
For investors aiming to generate a monthly dividend income of $500, a yearly target of $6,000 would be required. To achieve this, investors would need to own approximately 8,824 shares, equivalent to around $410,757 worth of Worthington Enterprises stock.
If a more conservative goal of $100 per month ($1,200 annually) is desired, the calculation remains similar. This would require ownership of 1,765 shares, representing an investment of about $82,161.
It’s crucial to note that dividend yield can fluctuate over time due to variations in both the dividend payment and the stock price. As the stock price changes, the dividend yield will adjust accordingly. For instance, if a stock pays an annual dividend of $2 and its current price is $50, the dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33%. Conversely, a decrease in the stock price to $40 would result in a higher dividend yield of 5%.
Furthermore, the dividend payment itself is subject to change, impacting the dividend yield. Increasing the dividend payment would lead to a higher dividend yield, even if the stock price remains unchanged. Conversely, a reduction in dividend payment would lower the dividend yield.
Worthington Enterprises’ stock price exhibited positive momentum on Thursday, closing at $46.55 after a 2.6% increase. With the upcoming earnings release and continued focus on dividend income, investors will be closely monitoring the company’s performance and its impact on the dividend yield.
