WD-40 Company (NASDAQ:WDFC) Declares Quarterly Dividend of $1.02

WD-40 Company (NASDAQ:WDFC) declared a quarterly dividend on Monday, March 16th. Investors of record on Friday, April 17th will be paid a dividend of 1.02 per share by the specialty chemicals company on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, April 17th.

WD-40 has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 17 years. WD-40 has a payout ratio of 68.3% 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 $4.08 annual dividend with an expected future payout ratio of 67.4%.

WD-40 Price Performance

WDFC stock opened at $227.94 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.97 and a quick ratio of 2.05. WD-40 has a 1 year low of $175.38 and a 1 year high of $253.48. The firm has a 50-day moving average of $226.92 and a 200 day moving average of $209.54. The company has a market cap of $3.07 billion, a P/E ratio of 34.69 and a beta of 0.17.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, January 8th. The specialty chemicals company reported $1.18 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.27). WD-40 had a net margin of 14.42% and a return on equity of 30.10%. The firm had revenue of $154.42 million for the quarter, compared to the consensus estimate of $155.10 million. During the same period in the previous year, the firm posted $1.39 earnings per share. The business’s revenue was up .6% compared to the same quarter last year. WD-40 has set its FY 2026 guidance at 5.750-6.150 EPS. On average, sell-side analysts forecast that WD-40 will post 5.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, January 21st. DA Davidson set a $300.00 price objective on WD-40 in a report on Wednesday, November 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $300.00.

WD-40 Company Profile

WD-40 Company, headquartered in San Diego, California, is best known for its flagship WD-40® Multi-Use Product, a water-displacing spray used for lubrication, rust prevention and cleaning. Since its introduction in 1953 by the Rocket Chemical Company, the WD-40 brand has become a household and industrial staple. Over time, the company has broadened its portfolio to include complementary maintenance and cleaning brands such as 3-IN-ONE® oils, Lava® hand cleaners, Solvol® solvents, Spot Shot® stain removers and X-14® cleaning products.

WD-40 Company distributes its products in more than 176 countries through retail, industrial and automotive channels.