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

Wolverine World Wide, Inc. (NYSE:WWW) declared a quarterly dividend on Monday, August 3rd. Investors of record on Thursday, October 1st will be given a dividend of 0.10 per share by the textile maker on Monday, November 2nd. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, October 1st.

Wolverine World Wide has a dividend payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wolverine World Wide to earn $1.78 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 22.5%.

Wolverine World Wide Stock Up 0.4%

NYSE WWW opened at $19.77 on Tuesday. Wolverine World Wide has a 1-year low of $13.47 and a 1-year high of $32.80. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.94 and a beta of 1.75. The stock’s 50 day moving average is $17.72 and its two-hundred day moving average is $17.38. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The business had revenue of $457.60 million during the quarter, compared to the consensus estimate of $448.44 million. During the same quarter last year, the company earned $0.18 EPS. Wolverine World Wide’s revenue was up 11.0% on a year-over-year basis. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. Equities analysts forecast that Wolverine World Wide will post 1.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

WWW has been the topic of several research analyst reports. Wall Street Zen cut shares of Wolverine World Wide from a “buy” rating to a “hold” rating in a research note on Saturday. Telsey Advisory Group decreased their price target on Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Robert W. Baird dropped their price target on Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Weiss Ratings upgraded Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Finally, Zacks Research raised Wolverine World Wide from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.75.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide’s offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.

Key brands in Wolverine World Wide’s portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort‐oriented line; and Keds, a heritage sneaker label.