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.

Dividend History for Tupperware Brands Corporation (NYSE:TUP)

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