11:27 AM EDT, 09/30/2024 (MT Newswires) -- Worthington Steel ( WS ) said Monday it has implemented a dividend reinvestment plan, or DRIP, that started on Sept. 13.

Participation is optional and won't affect cash dividends unless shareholders choose to enroll. Through the DRIP, eligible shareholders can automatically reinvest all or part of their cash dividends into additional shares of Worthington Steel ( WS ), the company said.

Benefits of the DRIP include automatic reinvestment of dividends into new shares and the option to enroll some or all of their shares. Participants will acquire new shares through the open market, the company added.

Shares of Worthington Steel ( WS ) rose nearly 3% in recent trading.

Price: 34.03, Change: +0.93, Percent Change: +2.83