WD-40 Company (NASDAQ:WDFC) Declares Dividend Increase – $1.02 Per Share

WD-40 Company (NASDAQ:WDFC) announced a quarterly dividend on Wednesday, December 10th. Investors of record on Friday, January 16th will be given a dividend of 1.02 per share by the specialty chemicals company on Friday, January 30th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, January 16th. This is a 8.5% increase from WD-40’s previous quarterly dividend of $0.94.

WD-40 has raised its dividend payment 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 dividend payout ratio of 63.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect WD-40 to earn $6.05 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 62.1%.

WD-40 Stock Up 5.1%

NASDAQ WDFC traded up $9.86 on Thursday, reaching $203.04. The company had a trading volume of 38,781 shares, compared to its average volume of 139,844. The company’s fifty day moving average is $195.42 and its 200-day moving average is $213.72. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 30.40 and a beta of 0.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.01 and a current ratio of 2.79. WD-40 has a 1-year low of $186.19 and a 1-year high of $273.35.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.30. The company had revenue of $163.47 million for the quarter, compared to analyst estimates of $153.90 million. WD-40 had a return on equity of 31.84% and a net margin of 14.68%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. On average, research analysts forecast that WD-40 will post 5.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other WD-40 news, CEO Steven A. Brass bought 362 shares of WD-40 stock in a transaction dated Tuesday, October 28th. The stock was bought at an average cost of $200.46 per share, for a total transaction of $72,566.52. Following the purchase, the chief executive officer owned 33,761 shares of the company’s stock, valued at $6,767,730.06. The trade was a 1.08% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Pendarvis acquired 523 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was bought at an average price of $196.37 per share, for a total transaction of $102,701.51. Following the completion of the acquisition, the director owned 5,862 shares of the company’s stock, valued at approximately $1,151,120.94. The trade was a 9.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders acquired 2,640 shares of company stock valued at $522,765. Insiders own 0.78% of the company’s stock.

Institutional Trading of WD-40

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its holdings in shares of WD-40 by 2,642.6% during the 1st quarter. Russell Investments Group Ltd. now owns 1,865 shares of the specialty chemicals company’s stock worth $455,000 after buying an additional 1,797 shares in the last quarter. Jump Financial LLC grew its position in WD-40 by 111.4% in the first quarter. Jump Financial LLC now owns 15,013 shares of the specialty chemicals company’s stock valued at $3,663,000 after acquiring an additional 7,911 shares during the last quarter. Raymond James Financial Inc. raised its stake in WD-40 by 9.4% during the first quarter. Raymond James Financial Inc. now owns 80,696 shares of the specialty chemicals company’s stock worth $19,690,000 after acquiring an additional 6,924 shares in the last quarter. Hsbc Holdings PLC raised its stake in WD-40 by 242.2% during the first quarter. Hsbc Holdings PLC now owns 6,673 shares of the specialty chemicals company’s stock worth $1,616,000 after acquiring an additional 4,723 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of WD-40 by 7.4% in the first quarter. Comerica Bank now owns 30,682 shares of the specialty chemicals company’s stock worth $7,487,000 after acquiring an additional 2,124 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

About WD-40

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.