WD-40 to Issue Quarterly Dividend of $0.94 (NASDAQ:WDFC)

WD-40 (NASDAQ:WDFC) announced a quarterly dividend on Tuesday, March 18th, RTT News reports. Investors of record on Friday, April 18th will be paid a dividend of 0.94 per share by the specialty chemicals company on Wednesday, April 30th. This represents a $3.76 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Thursday, April 17th.

WD-40 has raised its dividend payment by an average of 6.8% annually over the last three years and has increased its dividend annually for the last 16 consecutive years. WD-40 has a dividend payout ratio of 62.3% indicating that 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 Performance

NASDAQ WDFC opened at $239.71 on Thursday. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $235.88 and its two-hundred day moving average is $253.26. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 45.92 and a beta of -0.10. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.10. The firm had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $147.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. WD-40’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.28 earnings per share. Research analysts expect that WD-40 will post 5.42 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, DA Davidson restated a “buy” rating and set a $322.00 target price on shares of WD-40 in a research report 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.