WD-40 Company (NASDAQ:WDFC) Plans Quarterly Dividend of $1.02

WD-40 Company (NASDAQ:WDFC) announced a quarterly dividend on Wednesday, December 10th. Shareholders of record on Friday, January 16th will be paid a dividend of 1.02 per share by the specialty chemicals company on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, January 16th. This is a 8.5% increase from WD-40’s previous quarterly dividend of $0.94.

WD-40 has raised its dividend 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 63.0% meaning its dividend is sufficiently covered by earnings. Analysts expect WD-40 to earn $6.05 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 62.1%.

WD-40 Trading Up 5.8%

Shares of WDFC stock traded up $11.25 on Thursday, hitting $204.43. 28,334 shares of the stock traded hands, compared to its average volume of 139,800. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.01 and a current ratio of 2.79. WD-40 has a twelve month low of $186.19 and a twelve month high of $273.35. The firm’s 50-day moving average price is $195.42 and its two-hundred day moving average price is $213.72. The stock has a market capitalization of $2.77 billion, a PE ratio of 30.60 and a beta of 0.16.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Wednesday, October 22nd. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.30. WD-40 had a net margin of 14.68% and a return on equity of 31.84%. The firm had revenue of $163.47 million during the quarter, compared to analysts’ expectations of $153.90 million. During the same period last year, the business earned $1.23 earnings per share. WD-40’s revenue was up 4.8% compared to the same quarter last year. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. As a group, analysts anticipate that WD-40 will post 5.42 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on WDFC. DA Davidson set a $300.00 price target on shares of WD-40 in a research report on Wednesday, November 26th. Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $300.00.

About WD-40

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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.