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.

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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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