WD-40 Company (WDFC) to Issue Quarterly Dividend of $1.02 on October 30th

WD-40 Company (NASDAQ:WDFC) announced a quarterly dividend on Thursday, October 8th. Investors of record on Monday, October 19th will be paid a dividend of $1.02 per share by the specialty chemicals company on Friday, October 30th. This represents a $4.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Monday, October 19th.

WD-40 has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 17 years. WD-40 has a payout ratio of 68.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect WD-40 to earn $6.47 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 63.1%.

WD-40 Trading Down 0.8%

NASDAQ WDFC opened at $202.29 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. The stock’s 50-day moving average is $210.84 and its 200-day moving average is $217.18. WD-40 has a one year low of $175.38 and a one year high of $298.90. The firm has a market cap of $2.71 billion, a P/E ratio of 30.74 and a beta of 0.27.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.58 by $0.75. WD-40 had a net margin of 13.23% and a return on equity of 33.53%. The firm had revenue of $195.12 million for the quarter, compared to analyst estimates of $172.79 million. During the same quarter in the previous year, the firm posted $1.54 earnings per share. The business’s revenue was up 24.3% on a year-over-year basis. Sell-side analysts anticipate that WD-40 will post 6.24 earnings per share for the current fiscal year.

About WD-40

WD-40 Company develops and markets maintenance, cleaning, and homecare products for consumer, professional, and industrial users. Its best-known product is WD-40 Multi-Use Product, a water-displacing formula used to loosen stuck parts, protect against corrosion, remove residue, and lubricate equipment.

The company also offers specialty maintenance products under the WD-40 Specialist brand, as well as products marketed under brands such as 3-IN-ONE, GT85, and 1001. These products serve automotive, industrial, marine, construction, household, and do-it-yourself applications.

Founded in 1953 and headquartered in San Diego, California, WD-40 Company sells its products through retailers, distributors, and industrial channels in markets around the world.