Wolverine Worldwide Announces Quarterly Dividend Payment
Wolverine Worldwide Declares Significant Quarterly Dividend
Wolverine World Wide, Inc. (NYSE: WWW) has officially announced a quarterly cash dividend of $0.10 per share of common stock. This decision by the Board of Directors showcases the company's ongoing commitment to return value to its shareholders. The dividend will be payable on February 3 of the coming year to stockholders who are on record as of January 2.
Commitment to Shareholders
This latest dividend is consistent with the previous quarterly payment and underscores an indicated annual dividend of $0.40 per share. Such actions reflect the strong financial performance of Wolverine Worldwide, demonstrating that the company is dedicated to rewarding its investors even in fluctuating market conditions.
About Wolverine Worldwide
With a rich history spanning over 140 years, Wolverine Worldwide is a prominent player in the footwear and apparel industry. Established in 1883, the company is renowned for its innovative designs and quality. It has become a leader in the design, marketing, and licensing of branded casual and performance footwear, along with children's shoes, and industrial work boots.
Extensive Brand Portfolio
Wolverine Worldwide boasts a diverse portfolio of well-known brands including Merrell®, Saucony®, Sweaty Betty®, Hush Puppies®, Wolverine®, Chaco®, and Bates®. Each brand has its unique appeal and caters to a variety of consumer preferences. Furthermore, the company holds global footwear licensing for several other popular brands such as Cat® and Harley-Davidson®.
Global Reach and Influence
Headquartered in Rockford, Michigan, Wolverine Worldwide has extended its reach across the globe. The company's products are available in nearly 170 countries, showcasing a strong international presence which allows them to cater to a diverse consumer base.
Sustaining Growth and Innovation
Wolverine Worldwide continues to thrive by focusing on sustainability and innovative product development. The company is committed to reducing its environmental footprint and actively pursuing initiatives that promote responsible manufacturing practices. This not only aligns with the growing consumer demand for sustainable products but also positions the company for long-term success.
Conclusion
The declaration of the quarterly dividend is a testament to Wolverine Worldwide's robust financial health and commitment to its shareholders. As the company continues to expand its brand portfolio and reach, it remains poised for future growth, while also staying devoted to its values of quality and sustainability.
Frequently Asked Questions
What is the amount of the declared dividend by Wolverine Worldwide?
The declared dividend is $0.10 per share of common stock.
When will the dividend be paid to shareholders?
The dividend will be paid on February 3 to shareholders of record as of January 2.
Which brands are part of Wolverine Worldwide's portfolio?
Wolverine Worldwide's portfolio includes well-known brands such as Merrell®, Saucony®, Hush Puppies®, and many others.
How long has Wolverine Worldwide been in business?
Wolverine Worldwide has been in operation since 1883, making it over 140 years old.
What markets does Wolverine Worldwide operate in?
The company's products are available globally, in approximately 170 countries and territories.
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