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| WOR > SEC Filings for WOR > Form 8-K on 10-Dec-2012 | All Recent SEC Filings |
10-Dec-2012
Other Events, Financial Statements and Exhibits
On December 10, 2012, the Board of Directors of Worthington Industries, Inc. (the "Company") declared a cash dividend of $0.26 per share payable on December 28, 2012 to shareholders of record as of December 21, 2012. This dividend represents an acceleration of the dividend payments for the third and fourth quarters of fiscal 2013 of $0.13 per share for each quarter, and is in addition to the dividend to be paid on December 28, which had been declared on September 26, 2012. The total amount of the accelerated cash dividend to be paid by the Company will be approximately $18 million. The Company expects to use a combination of cash on hand and funds available through its revolving credit facilities to pay the dividend. In light of this accelerated payment, the Company does not expect to pay a cash dividend for the third and fourth quarters of fiscal 2013, which would have been paid in March 2013 and June 2013 based on historical practice.
A copy of the news release announcing the declaration of the cash dividend is included as Exhibit 99.1 to this report and is incorporated herein by reference.
(a) - (c) Not applicable.
(d) Exhibits: The following exhibit is included with this Current Report on Form 8-K:
Exhibit No. Description
99.1 News Release issued by Worthington Industries, Inc. on December 10, 2012.
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