Wolverine World Wide, Inc. (NYSE:WWW) Announces Quarterly Dividend of $0.10

Wolverine World Wide, Inc. (NYSE:WWW) declared a quarterly dividend on Monday, November 2nd. Investors of record on Monday, January 4th will be given a dividend of $0.10 per share by the textile maker on Monday, February 1st. This represents a $0.40 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, January 4th.

Wolverine World Wide has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Wolverine World Wide to earn $1.85 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 21.6%.

Wolverine World Wide Stock Up 2.8%

Shares of NYSE WWW opened at $21.39 on Tuesday. Wolverine World Wide has a 52-week low of $13.47 and a 52-week high of $22.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.98 and a current ratio of 1.55. The stock has a market cap of $1.76 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.33 and a beta of 1.69. The firm has a 50 day moving average price of $19.67 and a 200 day moving average price of $18.11.

Wolverine World Wide (NYSE:WWW) last announced its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company had revenue of $506.40 million for the quarter, compared to analysts’ expectations of $500.74 million. During the same period last year, the firm posted $0.32 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. Analysts expect that Wolverine World Wide will post 1.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Robert W. Baird raised their price target on Wolverine World Wide from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. KeyCorp reiterated an “overweight” rating and issued a $25.00 price objective on shares of Wolverine World Wide in a research report on Thursday, August 13th. Telsey Advisory Group reissued a “market perform” rating and set a $21.00 target price on shares of Wolverine World Wide in a research note on Friday, August 14th. Stifel Nicolaus raised their target price on shares of Wolverine World Wide from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Finally, Seaport Research Partners restated a “buy” rating and set a $30.00 target price on shares of Wolverine World Wide in a report on Friday, August 14th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Wolverine World Wide presently has an average rating of “Hold” and an average price target of $23.11.

About Wolverine World Wide

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company’s portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.