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

Wolverine World Wide, Inc. (NYSE:WWW) declared a quarterly dividend on Monday, November 2nd. Investors of record on Monday, January 4th will be given a dividend of $0.10 per share by the textile maker on Monday, February 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, January 4th.

Wolverine World Wide has a dividend payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Wolverine World Wide to earn $1.85 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 21.6%.

Wolverine World Wide Price Performance

Shares of WWW opened at $21.39 on Tuesday. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 13.40, a PEG ratio of 1.33 and a beta of 1.69. Wolverine World Wide has a 1-year low of $13.47 and a 1-year high of $22.80. The company’s fifty day simple moving average is $19.67 and its 200 day simple moving average is $18.11. The company has a current ratio of 1.55, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17.

Wolverine World Wide (NYSE:WWW) last posted its quarterly earnings results on Thursday, August 13th. The textile maker reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $506.40 million for the quarter, compared to analyst estimates of $500.74 million. Wolverine World Wide had a net margin of 5.55% and a return on equity of 28.50%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.550-1.650 EPS. On average, research analysts forecast that Wolverine World Wide will post 1.64 earnings per share for the current fiscal year.

Wolverine World Wide Company Profile

Wolverine World Wide, Inc is a global designer, marketer and licensor of footwear and lifestyle products. The company’s portfolio includes brands such as Merrell, Saucony, Wolverine, Hush Puppies, Keds, Chaco, Bates and Sweaty Betty, serving consumers across outdoor, performance, work, casual and fashion-oriented categories.

Its products include hiking and trail footwear, running and athletic shoes, work boots, casual shoes, sandals, apparel and related accessories. Wolverine World Wide sells through wholesale partners, company-operated and brand-specific retail stores, e-commerce platforms and other direct-to-consumer channels in North America and international markets.

Founded in 1883 and headquartered in Rockford, Michigan, the company has a long history in footwear manufacturing and brand management.