Investors seeking $500 in monthly dividend income from Worthington Steel would need an investment of approximately $372,750, or about 9,375 shares, based on the company's current annual dividend of 64 cents per share. The calculation divides the desired $6,000 annual income by the 64-cent annual dividend, yielding 9,375 shares. For a more modest $100 per month, an investment of roughly $74,550, or 1,875 shares, would be required. Worthington Steel's dividend yield stands at 1.61%, with a quarterly payout of 16 cents per share. The company is set to report fourth-quarter earnings after the closing bell on Wednesday, June 24, with analysts expecting earnings of 73 cents per share on revenue of $992 million.
Worthington Steel IncArticle discusses dividend income calculation and upcoming earnings report, but no actual news about dividend change or earnings results.