Wolverine World Wide, Inc. (WWW) to Issue Quarterly Dividend of $0.10 on February 1st

Wolverine World Wide, Inc. (NYSE:WWW) declared a quarterly dividend on Monday, November 2nd. Investors of record on Monday, January 4th will be given a dividend of $0.10 per share by the textile maker on Monday, February 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, January 4th.

Wolverine World Wide has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wolverine World Wide to earn $1.85 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 21.6%.

Wolverine World Wide Price Performance

Shares of WWW opened at $21.66 on Wednesday. The firm has a market cap of $1.78 billion, a PE ratio of 14.66, a PEG ratio of 1.45 and a beta of 1.67. The firm’s 50 day moving average price is $19.68 and its 200 day moving average price is $18.13. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. Wolverine World Wide has a twelve month low of $13.47 and a twelve month high of $22.28.

Wolverine World Wide (NYSE:WWW) last posted its earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The firm had revenue of $506.40 million during the quarter, compared to analysts’ expectations of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. As a group, research analysts expect that Wolverine World Wide will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WWW. Wall Street Zen upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a report on Sunday, October 4th. UBS Group raised their target price on Wolverine World Wide from $29.00 to $31.00 and gave the company a “buy” rating in a report on Friday, August 14th. Williams Trading set a $20.00 price target on Wolverine World Wide in a research report on Wednesday, August 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Wolverine World Wide in a research note on Tuesday, September 8th. Finally, Zacks Research downgraded Wolverine World Wide from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 30th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Wolverine World Wide has a consensus rating of “Hold” and a consensus target price of $23.11.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company’s portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.