WD-40 (NASDAQ:WDFC) Declares $0.94 Quarterly Dividend

WD-40 (NASDAQ:WDFC - Get Free Report) declared a quarterly dividend on Tuesday, March 18th, RTT News reports. Shareholders of record on Friday, April 18th will be given a dividend of 0.94 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $3.76 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, April 17th.

WD-40 has increased its dividend payment by an average of 6.8% per year over the last three years and has increased its dividend annually for the last 16 consecutive years. WD-40 has a payout ratio of 62.3% meaning its dividend is sufficiently covered by earnings. 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 Down 2.2 %

WDFC traded down $5.27 on Friday, hitting $230.67. The company had a trading volume of 189,154 shares, compared to its average volume of 99,248. The stock has a fifty day moving average price of $235.62 and a 200-day moving average price of $252.88. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 44.19 and a beta of -0.10.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company had revenue of $153.30 million for the quarter, compared to analyst estimates of $147.40 million. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. Analysts predict that WD-40 will post 5.42 EPS for the current fiscal year.

Remove Ads

Analysts Set New Price Targets

Separately, DA Davidson restated a "buy" rating and set a $322.00 price target on shares of WD-40 in a research note on Monday, January 27th.

WD-40 Company Profile

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.