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.
COPYRIGHT VIOLATION WARNING: This article was posted by Stock Observer and is owned by of Stock Observer. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.thestockobserver.com/2018/01/13/wd-40-wdfc-raises-dividend-to-0-54-per-share.html.
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.
Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.