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3 Dividend Stocks With Buy Ratings and Up Over 20% Past 30 Days

Ex-Dividend Dates Approaching...

Progressing...

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#1 Worthington Steel, Inc. (WS) - Price Target: $40.00

Change 1W: -6.71% | Change 1M: +26.75%

Market Cap: $2.19B

Last Dividend Amount: $0.16

Expected Ex-Dividend Date: December 13, 2024

Expected Payment Date: December 27, 2024

Expected Dividend & Yield: 1.48%

Earnings Date: December 19, 2024 (Before Open)

Summary: Worthington Steel represents a compelling investment opportunity in the industrial metals sector, having recently spun off from its parent company. The company's strategic focus on high-value steel processing and specialized automotive solutions has resonated well with investors, as evidenced by its substantial 26.75% gain over the past month. Their business model emphasizes technological advancement in metal processing, serving diverse industrial sectors with customized solutions.

Positive: The company maintains a remarkably strong balance sheet with a debt-to-equity ratio of 0.17, indicating prudent financial management and operational efficiency. Their specialized market position and strong relationships with automotive and industrial customers provide a competitive moat. The consistent dividend policy, though modest, demonstrates management's commitment to shareholder returns while maintaining capital for growth initiatives.

Negative: Current valuation metrics suggest the stock may be trading at a premium, with the market price exceeding analyst targets by approximately 8%. The relatively low dividend yield of 1.48% may not sufficiently compensate investors seeking significant income streams. Recent weekly performance shows some momentum weakness with a -6.71% decline.

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