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

Wolverine World Wide, Inc. (NYSE:WWW) announced a quarterly dividend on Wednesday, October 30th,RTT News reports. Shareholders of record on Thursday, January 2nd will be paid a dividend of 0.10 per share by the textile maker on Monday, February 3rd. This represents a $0.40 annualized dividend and a yield of 1.81%. The ex-dividend date is Thursday, January 2nd.

Wolverine World Wide has a dividend payout ratio of 29.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Wolverine World Wide to earn $1.35 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 29.6%.

Wolverine World Wide Trading Down 1.9 %

Shares of WWW stock opened at $22.05 on Tuesday. The stock has a 50 day simple moving average of $21.11 and a 200 day simple moving average of $16.68. Wolverine World Wide has a 1 year low of $7.58 and a 1 year high of $24.64. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 1.91. The stock has a market cap of $1.77 billion, a P/E ratio of -24.78 and a beta of 1.89.

Insider Buying and Selling at Wolverine World Wide

In related news, insider Amy M. Klimek sold 24,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.07, for a total transaction of $529,680.00. Following the completion of the sale, the insider now owns 20,238 shares in the company, valued at approximately $446,652.66. This trade represents a 54.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on WWW shares. Stifel Nicolaus raised Wolverine World Wide from a “hold” rating to a “buy” rating and boosted their price target for the company from $21.00 to $29.00 in a research note on Wednesday, December 11th. BNP Paribas upgraded Wolverine World Wide from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Thursday, October 3rd. Telsey Advisory Group restated a “market perform” rating and issued a $15.00 price target on shares of Wolverine World Wide in a research note on Thursday, November 7th. Finally, StockNews.com raised shares of Wolverine World Wide from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.38.

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.