WD-40 Declares Quarterly Dividend of $0.61 (NASDAQ:WDFC)

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WD-40 (NASDAQ:WDFC) announced a quarterly dividend on Tuesday, June 18th, RTT News reports. Stockholders of record on Friday, July 19th will be given a dividend of 0.61 per share by the specialty chemicals company on Wednesday, July 31st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Thursday, July 18th.

WD-40 has increased its dividend payment by an average of 12.4% annually over the last three years and has raised its dividend every year for the last 7 years. WD-40 has a payout ratio of 59.5% meaning its dividend is sufficiently covered by earnings. Analysts expect WD-40 to earn $5.08 per share next year, which means the company should continue to be able to cover its $2.44 annual dividend with an expected future payout ratio of 48.0%.

Shares of WDFC stock opened at $176.48 on Wednesday. The firm has a market cap of $2.41 billion, a PE ratio of 42.73, a PEG ratio of 3.77 and a beta of 0.28. The firm’s fifty day moving average price is $163.06. The company has a current ratio of 1.90, a quick ratio of 1.39 and a debt-to-equity ratio of 0.40. WD-40 has a 1 year low of $149.38 and a 1 year high of $187.50.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, July 9th. The specialty chemicals company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.08. The business had revenue of $114.00 million for the quarter, compared to analyst estimates of $109.40 million. WD-40 had a return on equity of 40.12% and a net margin of 16.45%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.15 earnings per share. As a group, sell-side analysts predict that WD-40 will post 4.65 EPS for the current year.

A number of brokerages recently weighed in on WDFC. ValuEngine lowered shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. BidaskClub cut shares of Waterstone Financial from a “hold” rating to a “sell” rating in a report on Friday, June 21st. Finally, Zacks Investment Research upgraded shares of ZovioInc . from a “sell” rating to a “hold” rating in a research report on Sunday.

In other WD-40 news, Director Daniel E. Pittard acquired 400 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were bought at an average price of $165.00 per share, with a total value of $66,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Steven A. Brass sold 822 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $164.30, for a total transaction of $135,054.60. The disclosure for this sale can be found here. 2.09% of the stock is owned by corporate insiders.

WD-40 Company Profile

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

Further Reading: How Does the Quiet Period Work?

Dividend History for WD-40 (NASDAQ:WDFC)

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