11 Worst Performing Dividend Stocks Year-to-Date

5. WillScot Holdings Corporation (NASDAQ:WSC)

YTD Decline in Share Price as of December 8: 38.1%

WillScot Holdings Corporation (NASDAQ:WSC) is one of the worst-performing dividend stocks to invest in.

On December 5, BofA lowered its price target on WillScot Holdings Corporation (NASDAQ:WSC) to $25 from $27.50 while keeping a Buy rating on the shares. The update came after the firm met with CFO Matt Jacobsen, telling investors that its takeaways “resembled sentiment on the Q3 call,” with uneven modular demand and no clear recovery in the storage yet. Following the discussion, BofA maintained its estimates for 2025 but lowered its estimates for 2026-2027 by 4% to 6%, citing “a choppy backdrop and slower recovery warrants a more conservative stance.”

WillScot Holdings Corporation (NASDAQ:WSC) reported mixed earnings for the third quarter of 2025, with revenues of $566.8 million, down 5.75% from the same period last year. The company’s leasing revenues of $434 million also declined by 4.7% from the prior year period. It recorded lower Canadian and seasonal storage revenues on a YoY basis, which did not meet the company’s expectations. That said, the company’s EBITDA margin of 42.9% grew by 60 basis points sequentially.

In addition, WillScot Holdings Corporation (NASDAQ:WSC) generated $191 million in operating cash flow at a 33.7% margin, and its free cash flow came in at $122 million at a 21.6% margin. These healthy cash levels enabled the company to pay $84 million of outstanding debt and $21 million to shareholders in dividends and share repurchases. Moreover, WillScot also deployed $8 million towards a tuck-in acquisition.

WillScot Holdings Corporation (NASDAQ:WSC) is an American company that offers portable and modular storage services.