WWW stock dividend – Wolverine World Wide Declares Dividend of $0.10 Per Share
December 10, 2023
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Wolverine World Wide ($NYSE:WWW) Inc. (NYSE: WWW) has declared a dividend of $0.10 per share. Wolverine World Wide is an American footwear company that designs, manufactures and markets a wide variety of lifestyle and work-related products. Their products are sold through retailers, distributors, and directly to consumers around the world. Wolverine World Wide is committed to providing shareholders with a sustainable and growing dividend.
Dividends – WWW stock dividend
This yields a dividend yield of 2.67% for 2021, 1.84% for 2022, and 1.08% for 2023, resulting in an average dividend yield of 1.86%.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for WWW. More…
| Total Revenues | Net Income | Net Margin |
| 2.38k | -308.4 | 0.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for WWW. More…
| Operations | Investing | Financing |
| 318.3 | 102.6 | -386.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for WWW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.23k | 1.87k | 4.31 |
Key Ratios Snapshot
Some of the financial key ratios for WWW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | 4.6% | -14.0% |
| FCF Margin | ROE | ROA |
| 12.0% | -60.6% | -9.4% |
Market Price
The stock opened for trading at $8.6 and closed the day at $9.1, a 6.1% increase from the closing price of $8.6 the day before. The dividend marks yet another positive step forward for Wolverine World Wide. It helps to further solidify the company’s financial position and provides investors with a reliable yield from their investment. Investors have been highly enthusiastic about the company’s performance and outlook lately, with the stock’s performance over the last year showing a consistent increase in value.
Wolverine World Wide has been able to continue its growth story by providing investors with a steady dividend that has been increasing in recent years. The company is well-positioned to take advantage of new opportunities, and has been successful in continuing to build its portfolio and increase its shareholder value. Live Quote…
Analysis – WWW Intrinsic Value
GoodWhale has conducted an analysis of WOLVERINE WORLD WIDE’s fundamentals. According to our proprietary Valuation Line, the intrinsic value of WOLVERINE WORLD WIDE shares is around $18.0. This suggests that the current price of WOLVERINE WORLD WIDE stock at $9.1 is undervalued by 49.4%. This presents a good opportunity for investors to purchase these shares at a discount. More…
Peers
Wolverine World Wide Inc is one of the largest manufacturers of footwear and apparel in the world. Their products are sold in over 170 countries and they have over 30,000 employees. Their competitors are Wojas SA, Campus Activewear Ltd, and Metro Brands Ltd.
– Wojas SA ($LTS:0LZM)
Wojas SA is a Polish footwear company. The company has a market cap of 60.09M as of 2022 and a Return on Equity of 18.91%. Wojas SA manufactures and sells footwear for men, women, and children. The company offers a wide range of products, including shoes, boots, sandals, and slippers. Wojas SA also manufactures and sells accessories, such as handbags, belts, and wallets.
– Campus Activewear Ltd ($BSE:543523)
Campus Activewear Ltd is a sportswear company that designs, manufactures, and markets sportswear and equipment for men, women, and children. The company has a market capitalization of 172.75 billion as of 2022 and a return on equity of 31.81%. Campus Activewear Ltd is headquartered in London, England.
– Metro Brands Ltd ($BSE:543426)
Macau-based Galaxy Entertainment Group Limited (GEG) is a gaming, entertainment, and resort conglomerate. The company develops, owns, and operates hotels, casinos, and integrated resorts in Macau, China. As of June 2020, GEG’s market capitalization was US$228.75 billion. The company’s return on equity was 46.6% as of 2020.
GEG was founded in 1988 by Lui Che Woo and is headquartered in Cotai, Macau. The company operates six integrated resorts in Macau, including the Galaxy Macau, Broadway Macau, StarWorld Hotel, and Hotel Okura Macau. GEG also has projects under development in Cotai, including the Galaxy Phase 3 development and the Wuhan International Resort.
Summary
Wolverine World Wide is a publicly traded company on the New York Stock Exchange, trading under the symbol WWW. Its stock has been performing well and recently announced a dividend of $0.10 per share, which is expected to have a positive effect on stock prices. Analysts also believe that Wolverine World Wide is well-positioned for future growth due to its strong balance sheet, diversified portfolio of brands, and international presence. Investors can benefit from investing in WOLVERINE WORLD WIDE’s stock as its dividend income and stock price appreciation are expected to increase in the future.
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