WD-40 (WDFC) Raises Dividend to $0.54 Per Share

WD-40 (NASDAQ:WDFC) announced a quarterly dividend on Tuesday, December 12th, RTT News reports. Investors of record on Friday, January 19th will be paid a dividend of 0.54 per share by the specialty chemicals company on Wednesday, January 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, January 18th. This is an increase from WD-40’s previous quarterly dividend of $0.49.

Shares of WD-40 (NASDAQ:WDFC) opened at $124.05 on Friday. The company has a market cap of $1,720.00, a P/E ratio of 32.56, a P/E/G ratio of 3.09 and a beta of 0.67. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.51 and a current ratio of 2.98. WD-40 has a 52 week low of $100.60 and a 52 week high of $127.15.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.07. WD-40 had a net margin of 13.91% and a return on equity of 39.82%. The business had revenue of $97.60 million for the quarter, compared to analysts’ expectations of $93.00 million. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts predict that WD-40 will post 3.85 earnings per share for the current fiscal year.

WDFC has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. BidaskClub cut shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. FBR & Co reiterated a “neutral” rating and issued a $122.00 target price (up from $115.00) on shares of WD-40 in a research note on Friday, October 20th. Finally, B. Riley reiterated a “neutral” rating on shares of WD-40 in a research note on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $117.25.

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About WD-40

WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.

Dividend History for WD-40 (NASDAQ:WDFC)

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