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

Key Points

• Wolverine World Wide, Inc. has declared a quarterly dividend of $0.10 per share, which will be distributed to stockholders on November 3rd, representing a 1.75% dividend yield.
• The company's dividend payout ratio is at 29.0%, indicating that the dividend is well-supported by earnings, with future expectations suggesting the payout ratio will decrease to 25.2% next year.
• Wolverine World Wide shares are currently trading around $22.91, showing significant price movement with a 12-month range between $9.58 and $24.64.

Wolverine World Wide, Inc. (NYSE:WWW - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Shareholders of record on Wednesday, October 1st will be given a dividend of 0.10 per share by the textile maker on Monday, November 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, October 1st.

Wolverine World Wide has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wolverine World Wide to earn $1.59 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 25.2%.

Wolverine World Wide Price Performance

Shares of Wolverine World Wide stock traded down $0.54 during trading hours on Friday, hitting $22.04. The company's stock had a trading volume of 1,257,909 shares, compared to its average volume of 1,452,378. The business has a 50 day moving average price of $19.08 and a two-hundred day moving average price of $17.03. Wolverine World Wide has a 12-month low of $9.58 and a 12-month high of $24.64. The company has a market cap of $1.79 billion, a PE ratio of 25.39 and a beta of 1.70. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.77 and a current ratio of 1.26.

Wolverine World Wide (NYSE:WWW - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The textile maker reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.07. Wolverine World Wide had a net margin of 4.15% and a return on equity of 28.74%. The business had revenue of $412.30 million during the quarter, compared to analyst estimates of $395.94 million. During the same period last year, the firm posted $0.11 EPS. The company's revenue was up 4.4% on a year-over-year basis. Analysts expect that Wolverine World Wide will post 1.23 earnings per share for the current fiscal year.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.