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WD-40 Company Increases Quarterly Dividend and Schedules First Quarter 2025 Earnings Conference Call

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WD-40 Company (NASDAQ:WDFC) has announced two key developments: First, the board of directors has declared a quarterly dividend increase of 7 percent to $0.94 per share, payable on January 31, 2025, to stockholders of record as of January 17, 2025. Second, the company has scheduled its first quarter 2025 earnings conference call for January 9, 2025, at 2:00 p.m. PST, where management will discuss financial results and business developments.

Positive
  • Quarterly dividend increased by 7% to $0.94 per share
Negative
  • None.

Insights

The 7% dividend increase to $0.94 per share signals WD-40's strong financial position and commitment to shareholder returns. This raise outpaces inflation and continues the company's track record of consistent dividend growth. With a market cap of $3.7 billion, the new annualized dividend of $3.76 per share represents a meaningful payout to investors. This move demonstrates management's confidence in future cash flow generation and financial stability. The timing ahead of their Q1 2025 earnings call suggests positive business momentum, though investors should watch key metrics like revenue growth and margins for confirmation of sustainable dividend coverage.

SAN DIEGO--(BUSINESS WIRE)-- WD-40 Company (NASDAQ:WDFC) today announced that its board of directors declared on Wednesday, December 11, 2024 a quarterly dividend of $0.94 per share reflecting an increase of 7 percent compared to the previous quarter’s dividend. The quarterly dividend is payable January 31, 2025 to stockholders of record at the close of business on January 17, 2025.

The Company also announced that it has scheduled its first quarter 2025 earnings conference call for Thursday, January 9, 2025 at 2:00 p.m. PST. On this call, management will discuss financial results, business developments, and other matters affecting the Company. Other forward-looking or material information may also be discussed.

A live webcast of the earnings conference call will be available on the Company’s investor relations website at http://investor.wd40company.com. The webcast will be archived and available on the website for a one-year period following the conference call.

The Company’s quarterly earnings press release will cross the wire after market close on January 9, 2025. Please visit the Company’s investor relations website to view the press release and other supporting materials.

About WD-40 Company

WD-40 Company is a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories, and homes around the world. The Company owns a wide range of well-known brands that include maintenance products and homecare and cleaning products: WD-40® Multi-Use Product, WD-40 Specialist®, 3-IN-ONE®, GT85®, 2000 Flushes®, no vac®, 1001®, Spot Shot®, Lava®, Solvol®, X-14®, and Carpet Fresh®.

Headquartered in San Diego, California, USA, WD-40 Company recorded net sales of $590.6 million in fiscal year 2024 and its products are currently available in more than 176 countries and territories worldwide. WD-40 Company is traded on the NASDAQ Global Select Market under the ticker symbol “WDFC.” For additional information about WD-40 Company please visit https://wd40company.com/.

Media and Investor Contact:

Wendy Kelley

investorrelations@wd40.com

+1-619-275-9304

Source: WD-40 Company

FAQ

What is WD-40's new quarterly dividend amount for Q1 2025?

WD-40 Company's new quarterly dividend is $0.94 per share, representing a 7% increase from the previous quarter.

When will WD-40 (WDFC) pay its Q1 2025 dividend?

WD-40 will pay its Q1 2025 dividend on January 31, 2025, to stockholders of record as of January 17, 2025.

When is WD-40's Q1 2025 earnings conference call?

WD-40's first quarter 2025 earnings conference call is scheduled for Thursday, January 9, 2025, at 2:00 p.m. PST.

By what percentage did WDFC increase its quarterly dividend in December 2024?

WD-40 Company increased its quarterly dividend by 7% in December 2024.

Wd-40 Co

NASDAQ:WDFC

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SAN DIEGO