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

Wolverine World Wide, Inc. (NYSE:WWW) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Tuesday, April 1st will be paid a dividend of 0.10 per share by the textile maker on Thursday, May 1st. This represents a $0.40 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Tuesday, April 1st.

Wolverine World Wide has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wolverine World Wide to earn $1.38 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 29.0%.

Wolverine World Wide Stock Performance

Shares of NYSE WWW opened at $21.43 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 1.91. The firm’s 50 day simple moving average is $22.87 and its 200-day simple moving average is $18.46. Wolverine World Wide has a 12 month low of $8.06 and a 12 month high of $24.64.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus upgraded shares of Wolverine World Wide from a “hold” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $29.00 in a research report on Wednesday, December 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $15.00 price objective on shares of Wolverine World Wide in a report on Thursday, November 7th. Finally, StockNews.com upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.38.

Insider Activity

In related news, insider Isabel Soriano sold 7,687 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $23.57, for a total value of $181,182.59. Following the sale, the insider now directly owns 34,206 shares in the company, valued at approximately $806,235.42. The trade was a 18.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Amy M. Klimek sold 24,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $22.07, for a total transaction of $529,680.00. Following the sale, the insider now owns 20,238 shares in the company, valued at $446,652.66. This trade represents a 54.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.

About Wolverine World Wide

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.