Newell Brands Inc. (NASDAQ:NWL – Get Free Report) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Monday, August 31st will be paid a dividend of 0.07 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, August 31st.
Newell Brands has decreased its dividend by an average of 0.2%annually over the last three years. Newell Brands has a payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Newell Brands to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 42.4%.
Newell Brands Price Performance
Newell Brands stock opened at $6.17 on Friday. The stock has a market capitalization of $2.63 billion, a P/E ratio of -11.64, a P/E/G ratio of 1.52 and a beta of 0.88. Newell Brands has a 12-month low of $3.07 and a 12-month high of $7.13. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.11 and a quick ratio of 0.59. The firm’s 50-day moving average is $5.35 and its two-hundred day moving average is $4.52.
About Newell Brands
Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.
The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.
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