WD-40 Company (WDFC) to Issue $0.49 Quarterly Dividend

WD-40 Company (NASDAQ:WDFC) declared a quarterly dividend on Tuesday, October 10th, RTT News reports. Investors of record on Friday, October 20th will be paid a dividend of 0.49 per share by the specialty chemicals company on Tuesday, October 31st. This represents a $1.96 annualized dividend and a yield of 1.77%. The ex-dividend date is Thursday, October 19th.

Shares of WD-40 (NASDAQ WDFC) opened at 110.90 on Friday. The firm has a market capitalization of $1.55 billion, a PE ratio of 29.96 and a beta of 0.72. The firm has a 50-day moving average price of $111.32 and a 200-day moving average price of $107.90. WD-40 has a 1-year low of $100.60 and a 1-year high of $119.90.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.04. The firm had revenue of $96.60 million during the quarter, compared to analysts’ expectations of $106.01 million. WD-40 had a net margin of 13.91% and a return on equity of 39.82%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. On average, analysts forecast that WD-40 will post $3.85 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “WD-40 Company (WDFC) to Issue $0.49 Quarterly Dividend” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/27/wd-40-company-wdfc-to-go-ex-dividend-on-october-19th.html.

In related news, VP Jay Rembolt sold 676 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $112.60, for a total transaction of $76,117.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.90% of the stock is currently owned by insiders.

Several equities research analysts have recently commented on WDFC shares. Zacks Investment Research upgraded shares of WD-40 from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Friday, September 1st. FBR & Co reiterated a “marketperform” rating on shares of WD-40 in a research report on Tuesday, July 11th. Finally, BidaskClub cut shares of WD-40 from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $117.25.

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)

Receive News & Ratings for WD-40 Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply