Wolverine World Wide, Inc. (NYSE:WWW) announced a quarterly dividend on Wednesday, April 29th, Zacks reports. Investors of record on Wednesday, July 1st will be given a dividend of 0.10 per share by the textile maker on Monday, August 3rd. This represents a $0.40 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, June 30th.

Wolverine World Wide has increased its dividend by an average of 900.0% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Wolverine World Wide has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Wolverine World Wide to earn $1.97 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 20.3%.

WWW opened at $21.52 on Monday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 1.69 and a beta of 1.72. Wolverine World Wide has a fifty-two week low of $12.19 and a fifty-two week high of $34.70. The company’s 50-day moving average price is $21.75 and its 200 day moving average price is $25.37. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 0.77.

Wolverine World Wide (NYSE:WWW) last released its quarterly earnings data on Wednesday, April 22nd. The textile maker reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.10. Wolverine World Wide had a net margin of 4.61% and a return on equity of 22.11%. The firm had revenue of $439.30 million for the quarter, compared to analyst estimates of $469.81 million. During the same quarter in the prior year, the business earned $0.49 earnings per share. Wolverine World Wide’s quarterly revenue was down 16.1% on a year-over-year basis. Research analysts anticipate that Wolverine World Wide will post 1.27 earnings per share for the current year.

Several equities research analysts have commented on the stock. ValuEngine upgraded shares of Wolverine World Wide from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Susquehanna Bancshares restated a “hold” rating and issued a $18.00 price target on shares of Wolverine World Wide in a research note on Wednesday, May 13th. Wedbush raised their price target on shares of Wolverine World Wide from $24.00 to $31.00 in a research note on Wednesday, June 10th. Pivotal Research restated a “hold” rating and issued a $26.00 price target on shares of Wolverine World Wide in a research note on Friday, June 19th. Finally, Telsey Advisory Group raised their price target on shares of Wolverine World Wide from $20.00 to $26.00 and gave the company a “market perform” rating in a research note on Tuesday, June 9th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $27.33.

In related news, VP Kyle Hanson sold 4,312 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $22.27, for a total transaction of $96,028.24. Following the completion of the sale, the vice president now directly owns 16,957 shares in the company, valued at $377,632.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Amy M. Klimek sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $26.04, for a total transaction of $130,200.00. Insiders sold 11,312 shares of company stock valued at $269,068 over the last quarter. Insiders own 4.88% of the company’s stock.

About Wolverine World Wide

Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories. The company operates through three segments: Wolverine Outdoor & Lifestyle Group, Wolverine Boston Group, and Wolverine Heritage Group. It offers casual footwear and apparel; performance outdoor and athletic footwear and apparel; kids' footwear; industrial work boots and apparel; and uniform shoes and boots.

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Dividend History for Wolverine World Wide (NYSE:WWW)

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