Wolverine World Wide, Inc. (WWW) To Go Ex-Dividend on July 1st

Wolverine World Wide, Inc. (NYSE:WWW) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.10 per share by the textile maker on Monday, August 3rd. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 1st.

Wolverine World Wide has a dividend payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Wolverine World Wide to earn $1.77 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 22.6%.

Wolverine World Wide Stock Performance

WWW stock opened at $17.13 on Monday. The business’s 50-day moving average price is $16.96 and its two-hundred day moving average price is $17.40. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.26. The firm has a market cap of $1.40 billion, a PE ratio of 13.81 and a beta of 1.73. Wolverine World Wide has a 1-year low of $13.47 and a 1-year high of $32.80.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, May 14th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.03. The company had revenue of $457.60 million during the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, research analysts forecast that Wolverine World Wide will post 1.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

WWW has been the topic of a number of research reports. Wall Street Zen raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Needham & Company LLC assumed coverage on shares of Wolverine World Wide in a research report on Thursday, March 26th. They set a “buy” rating and a $21.00 price objective for the company. Robert W. Baird dropped their price objective on shares of Wolverine World Wide from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, May 15th. Weiss Ratings raised shares of Wolverine World Wide from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. Finally, Telsey Advisory Group cut their price objective on shares of Wolverine World Wide from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $21.75.

About Wolverine World Wide

Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide’s offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.

Key brands in Wolverine World Wide’s portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort?oriented line; and Keds, a heritage sneaker label.