Tupperware Brands Corporation Plans Quarterly Dividend of $0.68 (TUP)
Tupperware Brands Corporation (NYSE:TUP) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Investors of record on Wednesday, December 20th will be paid a dividend of 0.68 per share on Friday, January 5th. This represents a $2.72 dividend on an annualized basis and a yield of 4.63%.
Tupperware Brands Corporation has increased its dividend payment by an average of 13.5% per year over the last three years. Tupperware Brands Corporation has a payout ratio of 57.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Tupperware Brands Corporation to earn $5.14 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 52.9%.
Tupperware Brands Corporation (NYSE:TUP) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.09. The company had revenue of $539.50 million for the quarter, compared to analysts’ expectations of $538.80 million. Tupperware Brands Corporation had a return on equity of 101.06% and a net margin of 6.18%. Tupperware Brands Corporation’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS.
In other Tupperware Brands Corporation news, EVP Thomas M. Roehlk sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $58.54, for a total value of $117,080.00. Following the sale, the executive vice president now owns 14,765 shares of the company’s stock, valued at $864,343.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.22% of the stock is owned by insiders.
A number of research analysts recently commented on the company. Zacks Investment Research upgraded Tupperware Brands Corporation from a “sell” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Thursday, July 13th. BidaskClub cut Tupperware Brands Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Morgan Stanley upped their price objective on Tupperware Brands Corporation from $71.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, October 26th. KeyCorp reiterated a “hold” rating on shares of Tupperware Brands Corporation in a report on Thursday, October 12th. Finally, Citigroup Inc. upped their price objective on Tupperware Brands Corporation from $67.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Tupperware Brands Corporation presently has a consensus rating of “Hold” and a consensus price target of $68.33.
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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