Columbus, Ohio, MAY 22, 2000 ---At
a meeting held on May 20, 2000, the
Board of Directors of Worthington Industries, Inc. (NYSE:WOR) declared a regular
quarterly dividend of $0.16 per share, payable on June 29, 2000 to shareholders
of record June 15, 2000. The $0.16 per
share quarterly dividend represents a 7% increase from the previous $0.15 per
share dividend.
The
annual dividend payout increased 7% to $0.61 per share from the last year's
$0.57 per share. Worthington Chairman
and CEO John P. McConnell said, “Worthington has increased its annual dividend for 32 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 annual 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 automotive aftermarket stampings, pressure cylinders,
metal framing, metal ceiling grid systems and laser welded blanks. The Company employs 7,500 people and
operates 54 facilities in 11 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 partnerships in American
industry serve as the Company's foundation.
Contact:
Cathy Mayne Lyttle
614-438-3077