WD-40 Co. (WDFC) Announces $0.42 Quarterly Dividend
WD-40 Co. (NASDAQ:WDFC) declared a quarterly dividend on Tuesday, October 11th. Stockholders of record on Friday, October 21st will be paid a dividend of 0.42 per share on Monday, October 31st. This represents a $1.68 annualized dividend and a dividend yield of 1.50%.
Shares of WD-40 (NASDAQ:WDFC) traded up 0.08% during trading on Tuesday, hitting $111.84. 28,968 shares of the stock traded hands. WD-40 has a 1-year low of $90.31 and a 1-year high of $125.00. The company has a 50 day moving average of $115.88 and a 200-day moving average of $112.52. The company has a market cap of $1.59 billion, a PE ratio of 32.42 and a beta of 0.71.
In related news, Director Mario L. Crivello sold 400 shares of the company’s stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $119.57, for a total transaction of $47,828.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Geoffrey Holdsworth sold 1,427 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $120.27, for a total transaction of $171,625.29. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/11/wd-40-co-wdfc-announces-0-42-quarterly-dividend.html
A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAM Holding AG acquired a new position in WD-40 during the second quarter worth about $164,000. Advisor Group Inc. acquired a new position in WD-40 during the second quarter worth about $165,000. BlackRock Inc. increased its position in WD-40 by 63.8% in the second quarter. BlackRock Inc. now owns 1,600 shares of the company’s stock worth $188,000 after buying an additional 623 shares during the last quarter. Raymond James & Associates increased its position in WD-40 by 30.6% in the second quarter. Raymond James & Associates now owns 2,936 shares of the company’s stock worth $345,000 after buying an additional 688 shares during the last quarter. Finally, Greenwich Wealth Management LLC acquired a new position in WD-40 during the second quarter worth about $370,000. Institutional investors and hedge funds own 75.97% of the company’s stock.
Several equities research analysts have recently commented on WDFC shares. Zacks Investment Research downgraded shares of WD-40 from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Jefferies Group started coverage on shares of WD-40 in a research note on Thursday, August 25th. They issued a “hold” rating and a $120.00 target price on the stock. Finally, B. Riley restated a “neutral” rating and issued a $106.00 target price on shares of WD-40 in a research note on Wednesday, July 6th.
WD-40 Company, is a global consumer Products Company. As of August 31, 2012, the Company’s products included WD-40 Smart Straw, WD-40 Trigger Pro, 3-IN-ONE Professional Garage Door Lube, Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product, and a mildew stain remover under the X-14 brand.
Receive News & Ratings for WD-40 Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 Co. and related companies with MarketBeat.com's FREE daily email newsletter.