WD-40 Co. (WDFC) Declares $0.42 Quarterly Dividend and Names Daniel T. Carter to Board

March 22, 2016 11:39 AM EDT

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WD-40 Co. (NASDAQ: WDFC) declared a quarterly dividend of $0.42 per share, or $1.68 annualized.

The dividend will be payable on April 29, 2016, to stockholders of record on April 15, 2016, with an ex-dividend date of April 13, 2016.

The annual yield on the dividend is 1.6 percent.

WD-40 Company (NASDAQ: WDFC) announced today that Daniel T. Carter has been appointed to its board of directors. This change was effective March 21, 2016.

Mr. Carter currently serves as executive vice president and chief financial officer for BevMo! Inc. Mr. Carter's financial expertise and in-depth knowledge of the retail industry provide the Board with a breadth of relevant skills and experience.

"We are pleased to have Dan join our board and look forward to benefiting from his extensive financial and retail expertise," said Garry O. Ridge, president and chief executive officer of WD-40 Company. "In addition to his professional experience, Dan has considerable non-profit company board experience and is an extremely active member of the community with philanthropic contributions that extend several decades making him an excellent fit for the values-driven culture at WD-40 Company."

Mr. Carter has held many financial leadership roles including: executive vice president and chief financial officer of Semtek, Inc. from 2008 to 2009; executive vice president and chief financial officer of Charlotte Russe Holding, Inc. from 1998 to 2007; and chief financial officer of Advanced Marketing Services from 1997 to 1998. From 1986 to 1997 he was employed by Price Club and its follow-on entities, serving as senior vice president for PriceCostco and chief financial officer for Price Enterprises. Mr. Carter began his career as an auditor with Ernst & Young and received his bachelor of business administration in accounting from the University of Oklahoma.

Mr. Carter has been appointed to serve as a member of the Audit Committee and the Governance Committee. With this addition, WD-40 Company's board will have 10 directors.

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

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