WD-40 products
WD-40 spray lubricant in different dispensers. Courtesy of the company

The San Diego-based WD-40 Company raised its quarterly divided by 10 percent on Tuesday, making the eighth consecutive year of increases.

The company’s board declared a dividend of 54 cents per share, a 10 percent increase. The divided is payable Jan. 31, 2018 to stockholders of record on Jan. 19.

Over the past eight years, the dividend has increased by a cumulative 116 percent, the company said.

The maker of spray lubricants and other workshop products had revenues of $381 million in its latest fiscal year. Its products are available in 176 companies.

Chris Jennewein

Chris Jennewein is Editor & Publisher of Times of San Diego.