WD-40 Company First Quarter Fiscal 2012 Dividend Increase of 7% and $50M Share Repurchase Authorization Announcement

WD-40 Company WDFC today announced that its board of directors declared on Tuesday, December 13, 2011 a 7% increase of its regular quarterly dividend to $.29 per share, payable January 31, 2012 to stockholders of record on January 6, 2012. Share Repurchase Authorization WD-40 Company also announced that at its regularly scheduled meeting on December 13, 2011, the board of directors authorized an open-ended buyback of Company shares up to $50.0 million over the next two years expiring on December 12, 2013.  The Company had previously completed a share repurchase of $60.0 million of its outstanding shares under the $60 million share buyback authorization of April 4, 2011.