Tupperware Brands Corporation (NYSE:TUP) Declares $0.68 Quarterly Dividend
Tupperware Brands Corporation (NYSE:TUP) announced a quarterly dividend on Monday, August 14th, RTT News reports. Investors of record on Wednesday, September 20th will be given a dividend of 0.68 per share on Thursday, October 5th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.67%.
Tupperware Brands Corporation has raised its dividend by an average of 13.5% per year over the last three years. Tupperware Brands Corporation has a payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Tupperware Brands Corporation to earn $5.07 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 53.6%.
Tupperware Brands Corporation (NYSE:TUP) traded up 1.63% during midday trading on Monday, hitting $59.16. The company had a trading volume of 53,513 shares. Tupperware Brands Corporation has a 12 month low of $52.32 and a 12 month high of $74.36. The firm has a 50-day moving average price of $66.06 and a 200-day moving average price of $65.55. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 19.13 and a beta of 1.61.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.01. Tupperware Brands Corporation had a return on equity of 102.71% and a net margin of 7.00%. The company had revenue of $572.90 million during the quarter, compared to analysts’ expectations of $580.19 million. During the same period last year, the firm earned $1.16 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities analysts anticipate that Tupperware Brands Corporation will post $4.70 EPS for the current year.
A number of analysts have weighed in on TUP shares. Sidoti increased their price objective on Tupperware Brands Corporation from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. Zacks Investment Research raised Tupperware Brands Corporation from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Wednesday, May 24th. BidaskClub cut Tupperware Brands Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. TheStreet cut Tupperware Brands Corporation from a “b-” rating to a “c” rating in a research report on Thursday. Finally, B. Riley reaffirmed a “neutral” rating and set a $54.00 price objective on shares of Tupperware Brands Corporation in a research report on Sunday, April 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Tupperware Brands Corporation currently has a consensus rating of “Hold” and a consensus price target of $71.33.
In other news, EVP Thomas M. Roehlk sold 12,250 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $72.75, for a total value of $891,187.50. Following the completion of the sale, the executive vice president now directly owns 33,015 shares of the company’s stock, valued at approximately $2,401,841.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Josef Hajek sold 2,950 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $71.59, for a total value of $211,190.50. Following the completion of the sale, the senior vice president now directly owns 6,304 shares of the company’s stock, valued at $451,303.36. The disclosure for this sale can be found here. Insiders have sold a total of 21,200 shares of company stock valued at $1,508,578 over the last ninety days. 3.14% of the stock is owned by insiders.
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About Tupperware Brands Corporation
Tupperware Brands Corporation is a global direct-to-consumer company. The Company operates through five segments in three geographic regions: Europe (Europe, Africa and the Middle East), Asia Pacific and the Americas. Its segments are Europe, Asia Pacific, Tupperware North America, Beauty North America and South America.
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