Stock market today: S&P 500 extends monthly win streak despite Nvidia-led stumble
ROCKFORD, Mich. - Wolverine World Wide, Inc. (NYSE:WWW), a footwear company with a $1.85 billion market capitalization, announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.10 per share of common stock. The company has maintained dividend payments for 38 consecutive years, with the current dividend yield standing at 1.71%.
The dividend will be payable on November 3, 2025, to stockholders of record on October 1, 2025. This payment maintains the same dividend amount as the previous quarter and represents an indicated annual dividend of $0.40 per share. According to InvestingPro analysis, the stock has delivered a strong 65% return over the past year, though current technical indicators suggest the stock may be in overbought territory.
Wolverine World Wide, founded in 1883, is a designer, marketer, and licensor of branded footwear and apparel. The company’s portfolio includes brands such as Merrell, Saucony, Sweaty Betty, Hush Puppies, and Wolverine. The Michigan-based company also serves as the global footwear licensee for Cat and Harley-Davidson brands.
The company’s products are distributed through retailers in the United States and approximately 170 countries and territories globally, according to the press release statement.
In other recent news, Wolverine World Wide is expected to report strong second-quarter results, with Stifel projecting revenue of $450 million, marking a 6% year-over-year growth. UBS also anticipates Wolverine will surpass consensus earnings per share estimates by 4 cents, driven by momentum from its Saucony and Merrell brands. Williams Trading has raised its fiscal year 2025 estimates, forecasting a 20.6% revenue increase for Saucony and a 7.8% growth for Merrell, exceeding initial guidance. In terms of analyst ratings, Stifel, UBS, and Williams Trading have all maintained a Buy rating on the stock, with price targets set at $25, $30, and $25, respectively. Argus has upgraded Wolverine’s stock rating from Hold to Buy and set a new price target of $20, highlighting the company’s successful turnaround strategy and sales performance. Additionally, Wolverine World Wide has appointed Cheryl Abel-Hodges and Jack Boyle to its Board of Directors, effective July 1, 2025. These developments reflect the company’s ongoing efforts to enhance its business performance and brand momentum.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.