Spectrum Brands Holdings, Inc. (NYSE:SPB) announced a quarterly dividend on Wednesday, July 26th, Wall Street Journal reports. Stockholders of record on Tuesday, August 15th will be paid a dividend of 0.42 per share on Tuesday, September 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Friday, August 11th.

Spectrum Brands Holdings has raised its dividend by an average of 15.0% per year over the last three years and has raised its dividend every year for the last 3 years. Spectrum Brands Holdings has a payout ratio of 28.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Spectrum Brands Holdings to earn $6.52 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 25.8%.

Spectrum Brands Holdings (SPB) traded down 0.69% during trading on Wednesday, reaching $123.11. 290,315 shares of the company were exchanged. The company has a market capitalization of $7.24 billion, a P/E ratio of 23.26 and a beta of 0.69. Spectrum Brands Holdings has a one year low of $113.95 and a one year high of $146.09. The firm’s 50-day moving average is $127.51 and its 200 day moving average is $132.61.

Spectrum Brands Holdings (NYSE:SPB) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $1.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.26 by $0.07. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Spectrum Brands Holdings had a net margin of 6.31% and a return on equity of 17.78%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. On average, analysts anticipate that Spectrum Brands Holdings will post $5.84 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Spectrum Brands Holdings, Inc. (SPB) Announces $0.42 Quarterly Dividend” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/07/26/spectrum-brands-holdings-inc-spb-announces-0-42-quarterly-dividend.html.

SPB has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Spectrum Brands Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Jefferies Group LLC reissued a “buy” rating and set a $167.00 price objective (up from $160.00) on shares of Spectrum Brands Holdings in a research report on Tuesday, April 18th. Royal Bank Of Canada restated a “buy” rating and set a $160.00 target price on shares of Spectrum Brands Holdings in a report on Friday, April 21st. BMO Capital Markets set a $155.00 target price on shares of Spectrum Brands Holdings and gave the company a “buy” rating in a report on Tuesday, May 2nd. Finally, Deutsche Bank AG dropped their target price on shares of Spectrum Brands Holdings from $152.00 to $149.00 and set a “buy” rating on the stock in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $149.50.

Spectrum Brands Holdings Company Profile

Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.

Dividend History for Spectrum Brands Holdings (NYSE:SPB)

Receive News & Ratings for Spectrum Brands Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.