Newell Brands Inc. Plans Quarterly Dividend of $0.07 (NASDAQ:NWL)

Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend on Monday, November 11th,RTT News reports. Stockholders of record on Friday, November 29th will be paid a dividend of 0.07 per share on Friday, December 13th. This represents a $0.28 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, November 29th.

Newell Brands has decreased its dividend by an average of 21.8% annually over the last three years. Newell Brands has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Newell Brands to earn $0.79 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 35.4%.

Newell Brands Stock Performance

NASDAQ NWL opened at $9.56 on Thursday. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of -15.93, a PEG ratio of 0.89 and a beta of 0.89. The company has a 50-day simple moving average of $8.22 and a two-hundred day simple moving average of $7.57. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. Newell Brands has a 12-month low of $5.39 and a 12-month high of $9.72.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the company earned $0.39 EPS. Newell Brands’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities analysts forecast that Newell Brands will post 0.66 EPS for the current year.

Insider Transactions at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the sale, the insider now directly owns 230,254 shares of the company’s stock, valued at $2,063,075.84. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently commented on NWL. Citigroup lowered shares of Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Barclays raised shares of Newell Brands from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $8.00 to $10.00 in a research note on Wednesday, November 20th. JPMorgan Chase & Co. cut their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company upped their target price on Newell Brands from $8.00 to $9.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Finally, Canaccord Genuity Group increased their price target on shares of Newell Brands from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.10.

Newell Brands Company Profile

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.