WD-40 Co., which develops and sells maintenance, homecare, and cleaning products, has raised its quarterly cash dividend by 7.5% to $0.72 per share from $0.67 per share. WD-40 (WDFC) plans to pay the new dividend on April 30 to shareholders of record as of April 16. The company’s annual dividend of $2.88 per share reflects a dividend yield of 0.97%. Earlier, the company reported better-than-expected 1Q results and announced fiscal 2021 revenue guidance that topped the Street’s estimates. 1Q revenues grew 26% to $124.6 million and exceeded the consensus estimates of $106.9 million. Earnings soared 95.5% year-over-year to $1.72 per share. Analysts were expecting EPS of $1.03 per share.
https://www.tipranks.com/news/wd-40-bumps-up-quarterly-dividend-by-7-5
WD 40 (NASDAQ:WDFC)
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