WD-40 Company (NASDAQ:WDFC) Announces $1.02 Quarterly Dividend

WD-40 Company (NASDAQ:WDFC) announced a quarterly dividend on Monday, June 15th. Investors of record on Friday, July 17th will be given a dividend of 1.02 per share by the specialty chemicals company on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, July 17th.

WD-40 has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 17 years. WD-40 has a payout ratio of 68.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect WD-40 to earn $6.36 per share next year, which means the company should continue to be able to cover its $4.08 annual dividend with an expected future payout ratio of 64.2%.

WD-40 Stock Performance

NASDAQ WDFC opened at $226.34 on Tuesday. WD-40 has a 52-week low of $175.38 and a 52-week high of $253.24. The company has a 50-day simple moving average of $210.08 and a 200 day simple moving average of $213.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.98 and a current ratio of 2.83. The company has a market capitalization of $3.04 billion, a PE ratio of 38.49 and a beta of 0.31.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, April 9th. The specialty chemicals company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. WD-40 had a net margin of 12.57% and a return on equity of 30.23%. The business had revenue of $161.67 million during the quarter, compared to the consensus estimate of $154.90 million. During the same quarter last year, the company posted $1.32 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts predict that WD-40 will post 5.99 EPS for the current year.

WD-40 Company Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.