WD-40 Company (WDFC) to Distribute Quarterly Dividend of $1.02 on October 30th

WD-40 Company (NASDAQ:WDFC) declared a quarterly dividend on Thursday, October 8th. Stockholders of record on Monday, October 19th will be given a dividend of $1.02 per share by the specialty chemicals company on Friday, October 30th. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 19th.

WD-40 has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 17 consecutive years. WD-40 has a payout ratio of 68.3% meaning its dividend is sufficiently covered by earnings. Analysts expect WD-40 to earn $6.47 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 63.1%.

WD-40 Stock Performance

Shares of WDFC stock traded down $0.99 during trading hours on Friday, reaching $200.09. 185,551 shares of the company traded hands, compared to its average volume of 126,766. The firm has a 50-day moving average price of $207.81 and a 200 day moving average price of $216.89. The company has a market cap of $2.69 billion, a P/E ratio of 30.41 and a beta of 0.27. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.65 and a quick ratio of 1.95. WD-40 has a 12-month low of $175.38 and a 12-month high of $298.90.

WD-40 Company Profile

WD-40 Company develops and markets maintenance, cleaning, and homecare products for consumer, professional, and industrial users. Its best-known product is WD-40 Multi-Use Product, a water-displacing formula used to loosen stuck parts, protect against corrosion, remove residue, and lubricate equipment.

The company also offers specialty maintenance products under the WD-40 Specialist brand, as well as products marketed under brands such as 3-IN-ONE, GT85, and 1001. These products serve automotive, industrial, marine, construction, household, and do-it-yourself applications.

Founded in 1953 and headquartered in San Diego, California, WD-40 Company sells its products through retailers, distributors, and industrial channels in markets around the world.