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

Wolverine World Wide, Inc. (NYSE:WWW) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Stockholders 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 dividend yield of 1.81%.

Wolverine World Wide has a payout ratio of 22.2% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.8 %

Shares of WWW opened at $22.16 on Thursday. 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 1-year low of $8.06 and a 1-year high of $24.64. The company’s fifty day moving average price is $22.89 and its 200-day moving average price is $18.44.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Wolverine World Wide news, insider Amy M. Klimek sold 24,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $22.07, for a total value of $529,680.00. Following the completion of the transaction, the insider now owns 20,238 shares in the company, valued at approximately $446,652.66. This represents a 54.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Isabel Soriano sold 7,687 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $23.57, for a total transaction of $181,182.59. Following the completion of the transaction, the insider now owns 34,206 shares of the company’s stock, valued at approximately $806,235.42. This trade represents a 18.35 % decrease in their position. The disclosure for this sale can be found here. 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.