Wolverine World Wide, Inc. (NYSE:WWW – Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Monday, July 1st will be paid a dividend of 0.10 per share by the textile maker on Thursday, August 1st. This represents a $0.40 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend is Monday, July 1st.
Wolverine World Wide has a payout ratio of 36.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Wolverine World Wide to earn $1.25 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 32.0%.
Wolverine World Wide Trading Up 4.2 %
Shares of NYSE:WWW traded up $0.44 during trading on Thursday, hitting $10.89. The company’s stock had a trading volume of 2,063,569 shares, compared to its average volume of 858,682. Wolverine World Wide has a fifty-two week low of $7.21 and a fifty-two week high of $17.85. The stock’s 50-day moving average price is $10.10 and its two-hundred day moving average price is $9.15. The company has a current ratio of 1.18, a quick ratio of 0.75 and a debt-to-equity ratio of 2.02.
Wall Street Analysts Forecast Growth
Separately, Telsey Advisory Group restated a “market perform” rating and issued a $10.00 price objective on shares of Wolverine World Wide in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Wolverine World Wide presently has a consensus rating of “Hold” and a consensus target price of $10.63.
Get Our Latest Stock Report on Wolverine World Wide
Wolverine World Wide Company Profile
Wolverine World Wide, Inc designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories in the United States, Europe, the Middle East, Africa, the Asia Pacific, Canada and Latin America. It operates through Active Group and Work Group segments. The company 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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