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

WD-40 Company (NASDAQ:WDFCGet Free Report) announced a quarterly dividend on Monday, June 15th. Shareholders of record on Friday, July 17th will be given a dividend of 1.02 per share by the specialty chemicals company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, July 17th.

WD-40 has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 17 years. WD-40 has a dividend payout ratio of 68.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WD-40 to earn $6.36 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 64.2%.

WD-40 Trading Up 1.5%

NASDAQ:WDFC opened at $226.34 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 1.98 and a debt-to-equity ratio of 0.32. WD-40 has a 12 month low of $175.38 and a 12 month high of $253.24. The company has a market cap of $3.04 billion, a PE ratio of 38.49 and a beta of 0.31. The company has a 50 day simple moving average of $210.08 and a two-hundred day simple moving average of $213.74.

WD-40 (NASDAQ:WDFCGet Free Report) last issued its quarterly earnings results on Thursday, April 9th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.11. The business had revenue of $161.67 million for the quarter, compared to analysts’ expectations of $154.90 million. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.32 EPS. Research analysts forecast that WD-40 will post 5.99 earnings per share for the current year.

WD-40 Company Profile

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WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.

See Also

Dividend History for WD-40 (NASDAQ:WDFC)

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