WD-40 Company Declares $1.02 Quarterly Dividend
WD-40 Company, the maker of its namesake multi-use lubricant and specialty maintenance products, declared a quarterly cash dividend of $1.02 per share. The dividend is payable April 30 to shareholders of record on April 17.
WD-40 Company (NASDAQ: WDFC), the maker of its namesake multi-use lubricant and specialty maintenance products, declared a quarterly cash dividend of $1.02 per share on March 16, 2026. The dividend is payable April 30, 2026, to shareholders of record at the close of business on April 17, 2026. Read more dividend announcements.
The board approved the dividend as the company reported strong second-quarter performance. Net sales of maintenance products, which represent 97 percent of total revenue, increased 13 percent compared to the prior year quarter to $156.8 million.
| Dividend Details | |
|---|---|
| Amount | $1.02 per share |
| Record Date | April 17, 2026 |
| Payment Date | April 30, 2026 |
| Declaration Date | March 16, 2026 |
Second Quarter Performance
For the three months ended February 28, 2026, WD-40 Company reported total net sales of $161.7 million, an 11 percent increase from $146.1 million in the prior year quarter. WD-40 Multi-Use Product sales rose 12 percent to $127.4 million, driven by higher sales in the United States, China and the company's Asia distributor markets.
WD-40 Specialist products posted $22.3 million in sales, up 20 percent from $18.6 million in the year-ago quarter. Other maintenance products contributed $7.1 million, essentially flat year-over-year.
Homecare and cleaning products generated $4.8 million in the quarter, down 29 percent from $6.8 million. The company completed the divestiture of its entire homecare and cleaning portfolio in the United Kingdom during the fourth quarter of fiscal year 2025 and has announced its intent to sell similar product portfolios in the Americas.
Share Repurchase Activity
The company repurchased 38,175 shares during the second quarter at a total cost of $8.0 million. As of February 28, 2026, $13.8 million remained available under the $50 million share repurchase plan approved by the board in June 2023 and extended through August 31, 2026.
Management indicated the company will fully utilize the remaining authorization during fiscal year 2026, reflecting confidence in the company's long-term fundamentals. The timing and amount of share repurchases are determined by the chief executive officer and chief financial officer in accordance with loan covenants and applicable regulations.
WD-40 Company reaffirmed its previously issued fiscal year 2026 guidance, citing strong visibility into the second half of the fiscal year.