Spectrum Brands Holdings Inc. (NYSE:SPB – Get Free Report) announced a quarterly dividend on Tuesday, November 10th. Shareholders of record on Tuesday, November 24th will be paid a dividend of $0.47 per share on Tuesday, December 15th. This represents a $1.88 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, November 24th.
Spectrum Brands has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Spectrum Brands to earn $5.62 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 33.5%.
Spectrum Brands Stock Down 0.9%
NYSE:SPB traded down $0.79 on Wednesday, hitting $87.91. 22,639 shares of the company’s stock traded hands, compared to its average volume of 357,862. The company has a current ratio of 2.41, a quick ratio of 1.61 and a debt-to-equity ratio of 0.33. Spectrum Brands has a 1 year low of $51.54 and a 1 year high of $99.06. The firm has a 50-day moving average price of $82.99 and a 200-day moving average price of $81.18. The company has a market cap of $2.02 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 3.20 and a beta of 0.81.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc. is a global consumer products company that develops, manufactures and markets products for homes, pets and gardens. Its businesses serve consumers through a portfolio of established brands and retail, e-commerce and other distribution channels. The company’s Home and Personal Care products include small kitchen appliances, personal care devices and home appliances sold under brands such as Remington, Russell Hobbs, George Foreman and Black+Decker, under license. Its Global Pet Care business offers products for aquatic pets, companion animals and pet health, including brands such as Tetra, DreamBone and Nature’s Miracle.
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