Wolverine World Wide, Inc. (NYSE:WWW) Declares $0.10 Quarterly Dividend

Wolverine World Wide, Inc. (NYSE:WWW) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Tuesday, April 1st will be paid a dividend of 0.10 per share by the textile maker on Thursday, May 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.81%.

Wolverine World Wide has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wolverine World Wide to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 29.0%.

Wolverine World Wide Stock Up 1.8 %

Shares of WWW stock traded up $0.39 during mid-day trading on Wednesday, hitting $22.16. The stock had a trading volume of 825,119 shares, compared to its average volume of 1,095,817. Wolverine World Wide has a 12-month low of $8.06 and a 12-month high of $24.64. The firm has a market capitalization of $1.77 billion, a P/E ratio of -24.90 and a beta of 1.88. The firm’s 50-day moving average is $22.89 and its two-hundred day moving average is $18.44. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77.

Insider Activity at Wolverine World Wide

In other news, insider Amy M. Klimek sold 10,214 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $20.11, for a total value of $205,403.54. Following the transaction, the insider now directly owns 19,093 shares of the company’s stock, valued at approximately $383,960.23. This represents a 34.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Isabel Soriano sold 7,687 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.57, for a total value of $181,182.59. Following the completion of the transaction, the insider now directly owns 34,206 shares in the company, valued at $806,235.42. This represents a 18.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,901 shares of company stock valued at $916,266 in the last ninety days. Corporate insiders own 2.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com raised Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Telsey Advisory Group reissued a “market perform” rating and issued a $15.00 price target on shares of Wolverine World Wide in a research report on Thursday, November 7th. Finally, Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.38.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.