Newell Brands Inc. (NASDAQ:NWL – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 30th will be given a dividend of $0.07 per share on Tuesday, December 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, November 30th.
Newell Brands has decreased its dividend by an average of 0.2% annually over the last three years. Newell Brands has a dividend payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Newell Brands to earn $0.67 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 41.8%.
Newell Brands Trading Down 6.3%
NASDAQ NWL opened at $5.49 on Friday. The company’s fifty day simple moving average is $5.65 and its 200-day simple moving average is $4.86. Newell Brands has a 52 week low of $3.08 and a 52 week high of $7.13. The company has a current ratio of 1.27, a quick ratio of 0.67 and a debt-to-equity ratio of 2.05. The stock has a market cap of $2.34 billion, a P/E ratio of -7.13, a PEG ratio of 0.82 and a beta of 0.88.
Newell Brands (NASDAQ:NWL – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Newell Brands had a negative net margin of 4.42% and a positive return on equity of 13.41%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that Newell Brands will post 0.76 EPS for the current fiscal year.
About Newell Brands
Newell Brands Inc is a global consumer products company that designs, manufactures and markets products used in homes, workplaces and outdoor settings. Its portfolio includes well-known brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Crock-Pot, Mr. Coffee, FoodSaver, Calphalon, Elmer’s and Sistema.
The company’s products span food and home storage, cookware and small kitchen appliances, writing instruments and other learning supplies, baby and parenting products, outdoor and recreation equipment, home fragrance, and commercial products.
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