WD-40 Company (NASDAQ:WDFC – Get Free Report) announced a quarterly dividend on Monday, June 15th. Stockholders of record on Friday, July 17th will be paid 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 dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, July 17th.
WD-40 has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 17 consecutive years. WD-40 has a payout ratio of 68.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect WD-40 to earn $6.46 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 63.2%.
WD-40 Stock Performance
NASDAQ WDFC opened at $249.12 on Wednesday. The firm’s 50 day simple moving average is $221.49 and its 200 day simple moving average is $220.06. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 37.86 and a beta of 0.26. The company has a current ratio of 2.65, a quick ratio of 1.95 and a debt-to-equity ratio of 0.31. WD-40 has a 1 year low of $175.38 and a 1 year high of $298.90.
About WD-40
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.
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