Wolverine World Wide, Inc.’s (NYSE:WWW) investors are due to receive a payment of $0.10 per share on 1st of May. This payment means that the dividend yield will be 1.9%, which is around the industry average.
Check out our latest analysis for Wolverine World Wide
Estimates Indicate Wolverine World Wide’s Dividend Coverage Likely To Improve
Unless the payments are sustainable, the dividend yield doesn’t mean too much. Even though Wolverine World Wide isn’t generating a profit, it is generating healthy free cash flows that easily cover the dividend. This gives us some comfort about the level of the dividend payments.
Analysts expect a massive rise in earnings per share in the next year. If the dividend continues along recent trends, we estimate the payout ratio will be 13%, so there isn’t too much pressure on the dividend.
