WD-40 Company (NASDAQ:WDFC) Shareholders to Receive $1.02 Quarterly Dividend

Key Points

• WD-40 declared a quarterly dividend of $1.02 per share, payable October 30 to shareholders of record on October 19. The dividend annualizes to $4.08 per share and yields approximately 2.0%.
• The company has increased its dividend for 17 consecutive years, with a current payout ratio of 68.3%. Analysts expect earnings of $6.47 per share next year, implying an estimated payout ratio of 63.1%.
• WD-40’s latest quarterly results exceeded expectations, with earnings of $2.33 per share versus the $1.58 consensus estimate and revenue of $195.12 million, up 24.3% year over year.

WD-40 Company (NASDAQ:WDFC - Get Free Report) declared a quarterly dividend on Thursday, October 8th. Investors of record on Monday, October 19th will be given a dividend of $1.02 per share by the specialty chemicals company on Friday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, October 19th.

WD-40 has raised its dividend 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% meaning its dividend is sufficiently covered by earnings. Analysts expect WD-40 to earn $6.47 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 63.1%.

WD-40 Stock Performance

Shares of WDFC stock opened at $203.90 on Friday. The business has a fifty day moving average of $211.34 and a 200 day moving average of $217.28. WD-40 has a 1 year low of $175.38 and a 1 year high of $298.90. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 30.99 and a beta of 0.27.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Thursday, July 9th. The specialty chemicals company reported $2.33 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.75. The business had revenue of $195.12 million for the quarter, compared to the consensus estimate of $172.79 million. WD-40 had a return on equity of 33.53% and a net margin of 13.23%.The company's quarterly revenue was up 24.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 EPS. As a group, research analysts expect that WD-40 will post 6.24 earnings per share for the current year.

WD-40 Company Profile

WD-40 Company develops and markets maintenance, cleaning, and homecare products for consumer, professional, and industrial users. Its best-known product is WD-40 Multi-Use Product, a water-displacing formula used to loosen stuck parts, protect against corrosion, remove residue, and lubricate equipment.

The company also offers specialty maintenance products under the WD-40 Specialist brand, as well as products marketed under brands such as 3-IN-ONE, GT85, and 1001. These products serve automotive, industrial, marine, construction, household, and do-it-yourself applications.

Founded in 1953 and headquartered in San Diego, California, WD-40 Company sells its products through retailers, distributors, and industrial channels in markets around the world.

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