Worthington Industries (WOR) will raise its quarterly dividend by 9.5 percent to $0.23 per share in 2018. Last year the dividend was raised by one cent to $0.21 per share quarterly.

The dividend is payable on September 28, 2018, to shareholders of record September 14, 2018.  This marks 50 consecutive years that Worthington has paid a quarterly dividend since it became a public company in 1968. The new dividend yield for WOR is 2.2%.

Worthington Industries is a metals manufacturing company. Headquartered in Columbus, Ohio, Worthington serves customers in automotive, construction and agriculture markets. The company manufactures pressure cylinders for propane, refrigerant and industrial gasses and cryogenic applications, water well tanks for commercial and residential uses, CNG and LNG storage, transportation and alternative fuel tanks, oil & gas equipment, and consumer products for camping, grilling, hand torch solutions and helium balloon kits. Also WOR is a manufacturer of operator cabs for heavy mobile industrial equipment; laser welded blanks for light weighting applications; automotive racking solutions; and through joint ventures, complete ceiling grid solutions; automotive tooling and stampings; and steel framing for commercial construction.