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

Wolverine World Wide, Inc. (NYSE:WWW) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Wednesday, April 1st will be given a dividend of 0.10 per share by the textile maker on Friday, May 1st. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, April 1st.

Wolverine World Wide has decreased its dividend payment by an average of 0.1%annually over the last three years. Wolverine World Wide has a payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Wolverine World Wide to earn $1.59 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 25.2%.

Wolverine World Wide Stock Up 1.0%

WWW stock opened at $18.00 on Thursday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 17.31 and a beta of 1.91. Wolverine World Wide has a 1-year low of $9.58 and a 1-year high of $32.80. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.34 and a quick ratio of 0.79. The firm has a fifty day moving average price of $18.21 and a two-hundred day moving average price of $22.56.

Institutional Trading of Wolverine World Wide

Several institutional investors and hedge funds have recently bought and sold shares of the business. Clearstead Advisors LLC boosted its holdings in Wolverine World Wide by 191.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,602 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 1,053 shares during the period. Hara Capital LLC acquired a new position in Wolverine World Wide in the 2nd quarter valued at approximately $30,000. Canada Pension Plan Investment Board acquired a new stake in Wolverine World Wide during the 2nd quarter valued at approximately $34,000. Covestor Ltd boosted its position in shares of Wolverine World Wide by 16,025.0% during the 3rd quarter. Covestor Ltd now owns 1,290 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 1,282 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Wolverine World Wide by 2,134.9% during the 4th quarter. Global Retirement Partners LLC now owns 2,883 shares of the textile maker’s stock worth $52,000 after buying an additional 2,754 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

About Wolverine World Wide

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.