|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||38.64 - 39.61|
|52 Week Range||27.93 - 39.77|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||38.32|
|Earnings Date||Feb 20, 2019|
|Forward Dividend & Yield||0.40 (1.04%)|
|1y Target Est||39.00|
Wolverine (WWW) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Wolverine (WWW) announces a 25% hike in its quarterly dividend. Also, the company stated that it will buy back up to $400 million worth of shares in the next four years.
The company still has $27 million worth of shares outstanding as part of a previous buyback program. To add to its focus on paying shareholders, the company also raised its quarterly dividend from 8 cents to 10 cents a share, payable May 1. Wolverine, which owns popular shoe brands including Sperry, Saucony, Chaco and Merrell, also restructured its capital arrangement by amending its credit agreement, which should improve the company's flexibility in future investment and capital reallocation opportunities, according to a company press release.
Wolverine World Wide Inc. said Tuesday it is raising its quarterly dividend by 25% and has approved a new $400 million stock repurchase program. The apparel and footwear company, which brands include Sperry, Saucony and Stride Rite, said the new dividend of 10 cents a share, up from 8 cents a share, will be payable May 1 to shareholders of record on April 1. Based on Monday's stock closing price, the new annual dividend rate implies a dividend yield of 1.10%, compared with the implied yield for the S&P 500 of 2.08%, according to FactSet. The stock buyback program is in addition to the $27 million remaining in the previous program. Also based on Monday's closing price, the new 4-year program could repurchase up to about 12% of the shares outstanding. The stock has rallied 21% over the past 12 months, while the S&P 500 has gained 2%.
Wolverine World Wide (WWW) today announced a number of actions that reflect its continuing commitment to enhance shareholder value. During 2018, the Company returned approximately $204 million to shareholders in the form of share repurchases and dividends, including $105 million in share repurchases during the fourth quarter. As part of its on-going strategy to drive total shareholder return, the Company’s Board of Directors approved a new plan to repurchase up to $400 million in shares over a four-year term, incremental to the $27 million remaining under the existing repurchase program.
Wolverine World Wide Inc NYSE:WWWView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for WWW with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding WWW totaled $1.19 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
ROCKFORD, Mich., Feb. 06, 2019 -- Wolverine World Wide, Inc. (NYSE: WWW) today announced that it expects to report its fourth quarter and full-year 2018 financial results on.
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