Spectrum Brands Holdings Inc (SPB) Declares Quarterly Dividend of $0.30
Spectrum Brands Holdings (NYSE:SPB) announced a quarterly dividend on Wednesday, January 29th, American Banking News reports. Stockholders of record on Wednesday, February 19th will be paid a dividend of 0.30 per share on Tuesday, March 18th. This represents a $1.20 annualized dividend and a dividend yield of 1.75%.
SPB has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of Spectrum Brands Holdings to a “hold” rating in a research note to investors on Friday, January 24th. On a related note, analysts at Credit Suisse initiated coverage on shares of Spectrum Brands Holdings in a research note to investors on Monday, December 9th. They set a “neutral” rating and a $70.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Spectrum Brands Holdings in a research note to investors on Friday, November 22nd. They now have a $63.02 price target on the stock. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $73.94.
Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.72 earnings per share. Spectrum Brands Holdings’s revenue was up 26.5% compared to the same quarter last year.
In other Spectrum Brands Holdings news, CEO David Lumley sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $68.55, for a total value of $685,500.00. Following the completion of the transaction, the chief executive officer now directly owns 138,832 shares in the company, valued at approximately $9,516,934. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Spectrum Brands Holdings, Inc is a consumer products company. The Company manufactures and markets alkaline, zinc carbon and hearing aid batteries, herbicides, insecticides and repellants and specialty pet supplies.
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