Daily Dividend Update: GEHC, AXP, BKU, CHCO, WS
American Express Dividend Announcement: The Board of Directors of American Express declared a quarterly dividend of $0.82 per common share, payable on November 10, 2025, to shareholders of record on October 10, 2025.
BankUnited Dividend Declaration: BankUnited's Board of Directors announced a quarterly cash dividend of $0.31 per common share, payable on October 31, 2025, to shareholders of record on October 10, 2025.
City Holding Dividend Increase: City Holding declared a dividend of 87 cents per common share, payable on October 31, 2025, to shareholders of record as of October 15, 2025, marking a 10% increase from the previous quarter.
Worthington Steel Dividend Declaration: Worthington Steel's Board of Directors declared a quarterly dividend of $0.16 per common share, payable on December 26, 2025, to shareholders of record on December 12, 2025.
Trade with 70% Backtested Accuracy
Analyst Views on WS
About WS
About the author

- Offer Announcement: Following approval from BaFin, Worthington Steel GmbH has officially published its voluntary public tender offer for Kloeckner & Co SE, with the acceptance period commencing today and running until March 12, 2026, offering a cash consideration of €11.00 per share, indicating a strong intent to acquire Kloeckner.
- Significant Premium Attracts Investors: The offer price represents a substantial premium of approximately 98% over the three-month volume-weighted average share price as of December 5, 2025, and about 81% over the closing price on the same date, providing Kloeckner shareholders with an attractive opportunity to realize value, likely encouraging positive shareholder response.
- Shareholder Support Bolsters Confidence: Kloeckner's Management and Supervisory Boards have expressed their support for the offer and intend to recommend acceptance after reviewing the offer document, while SWOCTEM GmbH, Kloeckner's largest shareholder, has irrevocably committed to tendering approximately 42% of its shares, further enhancing market confidence in the transaction.
- Potential Dividend Benefits: Shareholders who accept the offer may still benefit from a potential dividend payment for the 2025 financial year, with Kloeckner potentially paying up to €0.20 per share, which not only enhances shareholder return expectations but also adds attractiveness to Worthington Steel's acquisition strategy.
- Acquisition Announcement: Micron Technology has announced plans to acquire a chip fabrication site in Taiwan for $1.8 billion in cash, which will enhance its production capabilities in the global semiconductor market, particularly in AI and high-performance computing.
- Market Consolidation: TransDigm has agreed to acquire Jet Parts Engineering and Victor Sierra Aviation Holdings for approximately $2.2 billion in cash, further solidifying its leadership position in the aerospace parts market, which is expected to boost its revenue and market share.
- Steel Industry Restructuring: Worthington Steel announced the acquisition of metal processing firm Kloeckner & Co. for $2.4 billion, which is expected to make it the second-largest steel service center in North America, significantly enhancing its competitive position in the market.
- Potential Merger: Coterra Energy is in talks with Devon Energy about a potential merger, which, if completed, would rank among the largest oil and gas deals in years, potentially reshaping the industry landscape and enhancing the market positions of both companies.

- Acquisition Agreement: Worthington Steel Inc has entered into a Business Combination Agreement with Kloeckner & Co, planning a voluntary public offer to acquire all outstanding shares at €11 per share ($12.8), with management support and existing leadership expected to remain post-closing, thereby enhancing the company's market position and future growth potential.
- Stock Surge: Following the acquisition announcement, Worthington Steel's shares jumped 6.9% to $41.43, reflecting positive market expectations and increased investor confidence, which may provide financial support for the company's future developments.
- Industry Dynamics: On the same trading day, Kopin Corp shares rose 17.1% to $3.46, and ImmunityBio Inc shares increased by 17% to $4.62, indicating strong demand in the biotech and manufacturing sectors, potentially creating more investment opportunities for related companies.
- Positive Market Reaction: The overall market showed mixed performance, with the Nasdaq Composite gaining around 100 points, demonstrating continued investor interest and confidence in tech stocks, which may create a favorable market environment for Worthington Steel's acquisition plans.
- Acquisition Agreement: Worthington Steel plans to acquire Kloeckner & Co at €11 per share (approximately $12.8), with a total transaction value of $2.4 billion, targeting completion in the second half of 2026, demonstrating the company's commitment to expansion in the steel industry.
- Shareholder Support: Kloeckner's largest shareholder, SWOCTEM GmbH, holding 42% of shares, has committed to support the acquisition, which requires at least 65% shareholder acceptance, ensuring a smoother transaction process.
- Synergy Potential: The merger is expected to deliver approximately $150 million in annual run-rate synergies, enhancing Worthington's market position in North America and Europe, with a significant boost to earnings per share anticipated in the first full year post-closing.
- Financial Strategy: Worthington Steel will finance the acquisition using cash on hand and new debt, with pro forma net leverage expected to be around 4.0x, aiming to reduce it below 2.5x within 24 months, reflecting the company's focus on financial stability.

- Acquisition Announcement: Worthington Steel has agreed to acquire metal processing firm Kloeckner & Co. for $2.4 billion, positioning itself as North America's second-largest steel service center and significantly enhancing its market presence.
- Scale Expansion: The acquisition is expected to triple Worthington's sales scale to approximately $9.5 billion while maintaining margins above 7%, thereby strengthening the company's financial stability and competitive edge.
- Synergy Generation: Worthington anticipates generating $150 million in actionable annual run-rate synergies, which will directly enhance profitability and substantially increase earnings per share within the first full year post-acquisition.
- Market Reaction: Following the acquisition announcement, Worthington Steel's shares rose 3.2% in after-hours trading, reflecting positive market sentiment and increased investor confidence in the strategic move.
Company Overview: Worthington Steel Inc. is expected to be a significant contributor to earnings per share (EPS) within its first year of operation.
Financial Impact: The anticipated deal with Worthington Steel is projected to enhance the company's financial performance significantly.









