WD-40 Co. (WDFC) Declares $0.38 Quarterly Dividend; 1.7% Yield; Adds New Director

March 24, 2015 11:48 AM EDT

WD-40 Co. (NASDAQ: WDFC) declared a quarterly dividend of $0.38 per share, or $1.52 annualized.

The dividend will be payable on April 30, 2015, to stockholders of record on April 16, 2015, with an ex-dividend date of April 14, 2015.

The annual yield on the dividend is 1.7 percent.

The company also announced that Melissa Claassen has been appointed to its board of directors. This change is effective March 24, 2015.

Ms. Claassen currently serves as vice president, business unit finance for the adidas Group (XETRA: ADS) where she provides financial leadership and develops collaborative teams across different company divisions. Ms. Claassen began her career at adidas Australia in 1996 and has held many financial leadership roles throughout various regional and operational divisions of the company including: management accountant, finance manager, group senior financial controller, controlling director China, chief financial officer of adidas Hong Kong and Taiwan and chief financial officer for Taylor Made-adidas Golf. Ms. Claassen currently lives and works in southern Germany.

"We are pleased to have Melissa join our board and look forward to benefiting from her exceptional collaboration skills and extensive international experience," said Garry O. Ridge, president and chief executive officer of WD-40 Company. "Our Europe, Middle East and Africa business segment currently generates approximately 40% of our net sales. We believe having a board member living within one of the countries of this business segment will provide our board with a valuable regional perspective."

Ms. Claassen has been appointed to serve as a member of the Corporate Governance Committee. With this addition, WD-40 Company's board will have 9 directors.

For a dividend history and other dividend-related data on WD-40 Co. (WDFC) click here.

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