Wolverine World Wide, Inc. (WWW) to Issue Quarterly Dividend of $0.10 on May 1st

Wolverine World Wide, Inc. (NYSE:WWW) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.10 per share by the textile maker on Thursday, May 1st. This represents a $0.40 annualized dividend and a dividend 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. Equities 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 Price Performance

Wolverine World Wide stock opened at $21.43 on Friday. Wolverine World Wide has a 12 month low of $8.06 and a 12 month high of $24.64. The business’s fifty day simple moving average is $22.87 and its two-hundred day simple moving average is $18.46. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77.

Insider Transactions at Wolverine World Wide

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

Wall Street Analyst Weigh In

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

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.