WD-40 (WDFC) to Issue Quarterly Dividend of $0.94 on April 30th

WD-40 (NASDAQ:WDFC) announced 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 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Thursday, April 17th.

WD-40 has increased its dividend payment by an average of 6.8% annually over the last three years and has raised its dividend annually for the last 16 consecutive years. WD-40 has a dividend 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 Trading Down 1.9 %

NASDAQ:WDFC opened at $239.71 on Thursday. The stock has a 50-day simple moving average of $235.88 and a 200-day simple moving average of $253.26. The stock has a market cap of $3.25 billion, a P/E ratio of 45.92 and a beta of -0.10. WD-40 has a 1 year low of $211.03 and a 1 year 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.

WD-40 (NASDAQ:WDFC) last issued 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 net margin of 11.78% and a return on equity of 31.68%. The business had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $147.40 million. During the same quarter in the prior year, the business posted $1.28 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. As a group, analysts anticipate that WD-40 will post 5.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a “buy” rating and issued a $322.00 target price on shares of WD-40 in a 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.