Worthington Steel, Inc. (NYSE:WS) will release its fourth quarter earnings report after the closing bell on Wednesday, June 24.
Analysts expect the company to report quarterly earnings of 73 cents per share, down from $1.05 per share in the year-ago period. The consensus estimate for Worthington Steel’s quarterly revenue is $992 million. It reported $832.9 million last year, according to Benzinga Pro.
Ahead of quarterly earnings, Keybanc analyst Samuel McKinney, on June 2, maintained Worthington Steel with an Overweight rating and raised the price target from $38 to $46.
With the recent buzz around Worthington Steel, some investors may be eyeing potential gains from the company’s dividends too. As of now, Worthington Steel has an annual dividend yield of 1.61%, which is a quarterly dividend amount of 16 cents per share (64 cents a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
