Wolverine World Wide, Inc. (NYSE:WWW) Plans Quarterly Dividend of $0.10

Wolverine World Wide, Inc. (NYSE:WWW) announced a quarterly dividend on Wednesday, May 6th. Stockholders 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 c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, July 1st.

Wolverine World Wide has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Wolverine World Wide to earn $1.71 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 23.4%.

Wolverine World Wide Trading Up 1.7%

Shares of NYSE:WWW opened at $17.54 on Thursday. The business’s 50-day moving average is $17.00 and its 200 day moving average is $18.04. Wolverine World Wide has a 1 year low of $13.47 and a 1 year high of $32.80. The firm has a market capitalization of $1.44 billion, a P/E ratio of 15.53 and a beta of 1.75. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.40 and a quick ratio of 0.87.

Wolverine World Wide (NYSE:WWW) last issued its quarterly earnings results on Thursday, February 26th. The textile maker reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $517.50 million for the quarter, compared to analyst estimates of $510.49 million. Wolverine World Wide had a return on equity of 29.84% and a net margin of 5.06%.The company’s revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.40 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.350-1.500 EPS. On average, research analysts predict that Wolverine World Wide will post 1.46 earnings per share for the current fiscal year.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc (NYSE: WWW) is a global footwear and apparel company headquartered in Rockford, Michigan. The company designs, manufactures and markets a diversified portfolio of casual, active and performance lifestyle brands. Wolverine World Wide’s offerings span multiple price points and consumer segments, with products that include outdoor and trail footwear, running shoes, casual sneakers, boat shoes, work boots and related apparel and accessories.

Key brands in Wolverine World Wide’s portfolio include Merrell, an outdoor performance footwear brand; Saucony, known for running shoes and athletic gear; Sperry, which popularized boat shoes; Hush Puppies, a casual and comfort‐oriented line; and Keds, a heritage sneaker label.