WD-40 Company First Quarter Fiscal 2011 Dividend and Share Repurchase Authorization Announcement

Dec 14, 2010, 16:00 ET from WD-40 Company

SAN DIEGO, Dec. 14, 2010 /PRNewswire-FirstCall/ -- WD-40 Company (Nasdaq: WDFC) today announced that its board of directors declared on Tuesday, December 14, 2010 the regular quarterly dividend of $.27 per share, payable January 31, 2011 to stockholders of record on January 7, 2011.

Share Repurchase Authorization

WD-40 Company also announced that at its regularly scheduled meeting on December 14, 2010, the board of directors authorized an open-ended buyback of Company shares up to $25 million over the next 12 months. The previous share buyback authorization expired December 8, 2010. No shares were acquired pursuant to that authorization.

WD-40 Company, with headquarters in San Diego, is a global consumer product company dedicated to delivering unique, high-value and easy-to-use solutions for a wide variety of maintenance needs of "doer" and "on-the-job" users by leveraging and building the brand fortress of the company.  The company markets three multi-purpose maintenance product brands – WD-40®, 3-IN-ONE® and BLUE WORKS TM – and eight homecare and cleaning product brands: X-14® hard surface cleaners and automatic toilet bowl cleaners, 2000 Flushes® automatic toilet bowl cleaners, Carpet Fresh® and No Vac® rug and room deodorizers, Spot Shot® aerosol and liquid carpet stain removers, 1001® carpet, household cleaners and rug and room deodorizers, and Lava® and Solvol® heavy-duty hand cleaners. 

WD-40 Company markets its products in more than 160 countries worldwide and recorded sales of $322 million in fiscal year 2010.

SOURCE WD-40 Company