WD-40 Company Plans Quarterly Dividend of $0.94 (NASDAQ:WDFC)

Key Points

• WD-40 Company has declared a quarterly dividend of $0.94 per share to be paid out on October 31st to shareholders recorded by October 20th, yielding 2.0%.
• The company has a payout ratio of 63.0%, indicating that its dividend is well-covered by earnings, with expected earnings of $6.05 per share next year.
• WD-40 recently reported earnings of $1.54 per share for the last quarter, surpassing analysts' expectations of $1.40, while revenue was $156.92 million, slightly below projected figures.

WD-40 Company (NASDAQ:WDFC - Get Free Report) declared a quarterly dividend on Thursday, October 9th, RTT News reports. Shareholders of record on Monday, October 20th will be paid a dividend of 0.94 per share by the specialty chemicals company on Friday, October 31st. This represents a c) annualized dividend and a yield of 2.0%.

WD-40 has a payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 0.2%

NASDAQ:WDFC traded up $0.31 during trading hours on Thursday, hitting $192.72. 82,847 shares of the company traded hands, compared to its average volume of 160,648. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33. The firm's 50-day simple moving average is $211.32 and its 200-day simple moving average is $225.12. WD-40 has a one year low of $190.67 and a one year high of $292.36. The company has a market cap of $2.61 billion, a PE ratio of 30.35 and a beta of 0.09.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.14. WD-40 had a return on equity of 31.23% and a net margin of 14.13%.The business had revenue of $156.92 million for the quarter, compared to analysts' expectations of $160.60 million. During the same period last year, the business earned $1.46 EPS. The business's revenue was up 1.2% on a year-over-year basis. Equities analysts predict that WD-40 will post 5.42 earnings per share for the current year.

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.

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