WD-40 (NASDAQ:WDFC) declared a quarterly dividend on Thursday, December 12th, Wall Street Journal reports. Investors of record on Friday, January 17th will be given a dividend of 0.67 per share by the specialty chemicals company on Friday, January 31st. This represents a $2.68 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, January 16th. This is a boost from WD-40’s previous quarterly dividend of $0.61.
WD-40 has increased its dividend by an average of 16.8% annually over the last three years and has raised its dividend annually for the last 7 consecutive years. WD-40 has a payout ratio of 66.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect WD-40 to earn $5.33 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 50.3%.
Shares of NASDAQ WDFC opened at $185.35 on Tuesday. WD-40 has a twelve month low of $153.91 and a twelve month high of $199.48. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average of $193.49 and a two-hundred day moving average of $184.09. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 46.97 and a beta of 0.25.
WD-40 (NASDAQ:WDFC) last released its earnings results on Thursday, January 9th. The specialty chemicals company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.11). WD-40 had a return on equity of 36.50% and a net margin of 13.03%. The business had revenue of $98.60 million during the quarter, compared to the consensus estimate of $104.00 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, research analysts predict that WD-40 will post 4.77 earnings per share for the current year.
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research report on Tuesday, December 24th. BidaskClub downgraded WD-40 from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. DA Davidson lowered WD-40 from a “buy” rating to a “neutral” rating and set a $209.00 price objective for the company. in a research note on Tuesday, January 7th. Finally, ValuEngine upgraded WD-40 from a “hold” rating to a “buy” rating in a report on Friday, November 1st.
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.
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