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

Wolverine World Wide, Inc. (NYSE:WWW) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Tuesday, April 1st will be paid a dividend of 0.10 per share by the textile maker on Thursday, May 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.81%.

Wolverine World Wide has a dividend payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Wolverine World Wide to earn $1.38 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 29.0%.

Wolverine World Wide Price Performance

WWW stock traded up $0.39 during mid-day trading on Wednesday, reaching $22.16. 825,119 shares of the company’s stock were exchanged, compared to its average volume of 1,095,817. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -24.90 and a beta of 1.88. The stock’s 50 day moving average is $22.89 and its 200 day moving average is $18.44. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.23 and a quick ratio of 0.77. Wolverine World Wide has a 12-month low of $8.06 and a 12-month high of $24.64.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com upgraded Wolverine World Wide from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Stifel Nicolaus upgraded Wolverine World Wide from a “hold” rating to a “buy” rating and raised their target price for the company from $21.00 to $29.00 in a research report on Wednesday, December 11th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $15.00 target price on shares of Wolverine World Wide in a research report on Thursday, November 7th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.38.

Insider Buying and Selling

In related news, insider Isabel Soriano sold 7,687 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $23.57, for a total value of $181,182.59. Following the completion of the transaction, the insider now directly owns 34,206 shares of the company’s stock, valued at $806,235.42. This represents a 18.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Amy M. Klimek sold 24,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 20,238 shares of the company’s stock, valued at $446,652.66. This represents a 54.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,901 shares of company stock valued at $916,266. Company insiders own 2.28% of the company’s stock.

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.