Newell Rubbermaid Inc. Plans Quarterly Dividend of $0.15 (NWL)
Newell Rubbermaid (NYSE:NWL) announced a quarterly dividend on Thursday, February 13th, AnalystRatingsNetwork.com reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.15 per share on Friday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 1.94%.
NWL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Newell Rubbermaid in a research note on Tuesday, February 4th. They now have a $32.00 price target on the stock. On the ratings front, analysts at RBC Capital reiterated an “outperform” rating on shares of Newell Rubbermaid in a research note on Monday, February 3rd. They now have a $35.00 price target on the stock. Finally, analysts at BTIG Research initiated coverage on shares of Newell Rubbermaid in a research note on Wednesday, January 29th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $32.15.
Newell Rubbermaid (NYSE:NWL) opened at 30.82 on Thursday. Newell Rubbermaid has a one year low of $22.46 and a one year high of $32.54. The stock has a 50-day moving average of $31.43 and a 200-day moving average of $29.03. The company has a market cap of $8.734 billion and a P/E ratio of 18.94.
Newell Rubbermaid (NYSE:NWL) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Analysts expect that Newell Rubbermaid will post $1.99 EPS for the current fiscal year.
Newell Rubbermaid Inc is a global marketer of consumer and commercial products. The Company’s products are marketed under a portfolio of brands, including Rubbermaid, Levolor, Goody, Calphalon, Sharpie, Paper Mate, Parker, Waterman, Irwin, Lenox, Graco, Aprica and Dymo.
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