Shareholders of Worthington Enterprises are in line for a slightly bigger quarterly payout. The Columbus, Ohio, company said on June 23 that its board had lifted the dividend by $0.01 to $0.20 per share, a 5% rise over the prior quarter.
Holders of record on September 15, 2026, will receive it on September 29, 2026. Worthington has made a dividend payment every quarter since 1968, the year it went public.
A new seat at the table
Announced alongside the increase was a change in the boardroom. Brad Southern, who stepped down this year as Chairman and CEO of Louisiana-Pacific Corporation (LP) Building Solutions, is now a director.
His LP career started in 1999. He ran the company from 2017 and chaired it from 2020. Earlier, he worked in operations, finance and strategic planning at MacMillan Bloedel. Today he chairs the Nashville branch board of the Federal Reserve Bank of Atlanta, and he has sat on the boards of GMS Inc., Astec Industries and Keller Group.
John Blystone, the board chairman at Worthington, pointed to the length of that record. “Brad brings our board of directors more than 40 years of leadership experience across operations, strategy, finance and corporate governance,” he said. Blystone added that Southern has run building products, manufacturing and commercial businesses with multi-billion-dollar revenue.
What Worthington does
The company, called Worthington Industries when it was founded in 1955, sells under brands including Bernzomatic, Coleman propane cylinders, Garden Weasel and Well-X-Trol. Its Building Products segment covers heating and cooling, cooking, water solutions and metal roofing components. The Consumer Products segment makes tools and goods for outdoor living and celebrations.
About 4,000 employees work for Worthington across North America and Europe. Its fiscal fourth quarter results were due after the market closed on June 23, with a conference call set for 8:30 a.m. ET on Wednesday, June 24, 2026.
