Worthington Steel implements dividend reinvestment plan

Worthington Steel announced that it has implemented a Dividend Reinvestment Plan, or DRIP, which went into effect September 13. Participation in the DRIP is optional and will not affect shareholders’ cash dividends, unless they elect to participate in the DRIP. The DRIP will provide Worthington Steel’s eligible shareholders with the opportunity to have all or a portion of the cash dividends declared on their Worthington Steel common shares automatically reinvested into additional common shares on an ongoing basis until DRIP participation has been modified or terminated. The benefits of enrolling in the DRIP include the: convenience of automatic reinvestment of dividends in reinvestment shares and flexibility to enroll some or all common shares in the DRIP, providing the opportunity to reinvest all or a portion of dividends in reinvestment shares, while continuing to receive the remainder in cash. Participants in the DRIP will receive Reinvestment Shares acquired through the open market. Only future dividends declared by Worthington Steel will be eligible for reinvestment in the DRIP.