Newell Rubbermaid Inc. (NWL) Plans Quarterly Dividend of $0.17
Newell Rubbermaid (NYSE:NWL) declared a quarterly dividend on Thursday, August 14th, American Banking News.com reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.17 per share on Monday, September 15th. This represents a $0.68 dividend on an annualized basis and a yield of 2.06%.
NWL has been the subject of a number of recent research reports. Analysts at B. Riley raised their price target on shares of Newell Rubbermaid from $30.00 to $35.00 in a research note on Monday, August 4th. They now have a “neutral” rating on the stock. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of Newell Rubbermaid from $33.00 to $36.00 in a research note on Friday, August 1st. They now have an “overweight” rating on the stock. Finally, analysts at Oppenheimer raised their price target on shares of Newell Rubbermaid from $34.00 to $36.00 in a research note on Friday, August 1st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $35.38.
Newell Rubbermaid (NYSE:NWL) opened at 33.02 on Thursday. Newell Rubbermaid has a 52 week low of $24.32 and a 52 week high of $33.71. The stock’s 50-day moving average is $31.84 and its 200-day moving average is $30.63. The company has a market cap of $9.041 billion and a P/E ratio of 18.37.
Newell Rubbermaid (NYSE:NWL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.04. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company posted $0.50 earnings per share. Newell Rubbermaid’s revenue was up 3.1% compared to the same quarter last year. Analysts expect that Newell Rubbermaid will post $2.00 EPS for the current fiscal year.
In other Newell Rubbermaid news, CAO John B. Ellis sold 2,223 shares of the company’s stock on the open market in a transaction dated Friday, August 8th. The stock was sold at an average price of $33.30, for a total value of $74,025.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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