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

Wolverine World Wide, Inc. (NYSE:WWW) declared a quarterly dividend on Monday, August 3rd. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.10 per share by the textile maker on Monday, November 2nd. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 1st.

Wolverine World Wide has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Wolverine World Wide to earn $1.78 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 22.5%.

Wolverine World Wide Stock Up 0.4%

Shares of Wolverine World Wide stock opened at $19.77 on Tuesday. The company has a 50-day moving average of $17.72 and a 200 day moving average of $17.38. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 15.94 and a beta of 1.75. Wolverine World Wide has a 1 year low of $13.47 and a 1 year high of $32.80. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 0.89.

Wolverine World Wide (NYSE:WWW) last released its earnings results on Thursday, May 14th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.22 by $0.03. The business had revenue of $457.60 million for the quarter, compared to the consensus estimate of $448.44 million. Wolverine World Wide had a return on equity of 29.37% and a net margin of 5.41%.The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 earnings per share. Wolverine World Wide has set its FY 2026 guidance at 1.430-1.580 EPS. As a group, sell-side analysts anticipate that Wolverine World Wide will post 1.56 earnings per share for the current fiscal year.

Insider Buying and Selling at Wolverine World Wide

In related news, Director Brenda J. Lauderback sold 5,500 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $15.88, for a total value of $87,340.00. Following the completion of the sale, the director owned 54,202 shares in the company, valued at approximately $860,727.76. The trade was a 9.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

Institutional Trading of Wolverine World Wide

A number of hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA purchased a new stake in shares of Wolverine World Wide during the 4th quarter worth $21,687,000. Millennium Management LLC grew its position in Wolverine World Wide by 1,740.2% during the 4th quarter. Millennium Management LLC now owns 1,204,127 shares of the textile maker’s stock worth $21,855,000 after purchasing an additional 1,138,691 shares during the last quarter. Callodine Capital Management LP increased its position in shares of Wolverine World Wide by 27.8% in the 1st quarter. Callodine Capital Management LP now owns 4,505,165 shares of the textile maker’s stock valued at $73,524,000 after acquiring an additional 980,839 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Wolverine World Wide by 521.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 970,763 shares of the textile maker’s stock valued at $17,619,000 after purchasing an additional 814,457 shares during the period. Finally, Wellington Management Group LLP acquired a new position in Wolverine World Wide in the 3rd quarter worth approximately $19,200,000. 90.25% of the stock is owned by hedge funds and other institutional investors.

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.