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Worthington Industries Increases Annual Dividend For 31st Consecutive Year


COLUMBUS, OHIO, May 20, 1999 ---- The Board of Directors of Worthington Industries, Inc. (Nasdaq: WTHG) declared a regular quarterly dividend of $0.15 per share, payable on June 28, 1999 to shareholders of record June 10, 1999. The $0.15 per share quarterly dividend represents a 7% increase from the previous $0.14 per share dividend.

The annual dividend payout increased 8% to $0.57 per share from last year's $0.53 per share. Worthington Chairman and CEO John P. McConnell said, "Worthington has increased its annual dividend for 31 consecutive years, every year since going public in 1968. We are very proud to be one of the few public companies that has achieved annual dividend increases over that period."

Worthington Industries is a leading diversified metal processing company with annualized sales of approximately $2 billion. The Columbus, Ohio based Company is North America's premier value-added steel processor and a leader in manufactured metal products such as pressure cylinders, metal framing, automotive aftermarket stampings, metal ceiling grid systems and laser welded blanks. The Company employs 7,500 people and operates 52 facilities in 10 countries.

Founded in 1955, the Company operates under a long-standing corporate philosophy rooted in the golden rule, with earning money for its shareholders as the first corporate goal. This philosophy, an unwavering commitment to the customer, and one of the strongest employee/employer partnerships in American industry serve as the Company's foundation.

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Cathy Mayne Lyttle

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