Newell Brands Inc. (NASDAQ:NWL) Plans Quarterly Dividend of $0.23


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Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend on Tuesday, May 4th, RTT News reports. Shareholders of record on Monday, May 31st will be paid a dividend of 0.23 per share on Tuesday, June 15th. This represents a $0.92 annualized dividend and a yield of 3.28%.

Newell Brands has increased its dividend by 4.6% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of NASDAQ:NWL traded up $0.28 on Tuesday, hitting $28.06. 3,157,915 shares of the company traded hands, compared to its average volume of 2,880,263. Newell Brands has a 52 week low of $11.05 and a 52 week high of $28.17. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 1.55. The stock has a 50 day simple moving average of $26.58 and a 200-day simple moving average of $23.61. The company has a market cap of $11.93 billion, a PE ratio of -108.03, a PEG ratio of 5.05 and a beta of 1.06.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Thursday, April 29th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.13 by $0.17. Newell Brands had a positive return on equity of 17.83% and a negative net margin of 1.11%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the company earned $0.09 EPS. Newell Brands’s revenue for the quarter was up 21.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Newell Brands will post 1.71 earnings per share for the current year.

Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Newell Brands from a “strong-buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a report on Monday, February 8th. Jefferies Financial Group upgraded Newell Brands to a “buy” rating and set a $28.00 price target for the company in a research note on Monday, January 4th. Deutsche Bank Aktiengesellschaft boosted their price target on Newell Brands from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Monday. TheStreet upgraded Newell Brands from a “c+” rating to a “b” rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their price target on Newell Brands from $26.00 to $28.00 and gave the company a “neutral” rating in a research note on Friday, April 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.30.

Newell Brands Company Profile

Newell Brands, Inc engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Appliances and Cookware; Commercial Solutions, Home Solutions; Learning and Development; and Outdoor and Recreation. The Appliances and Cookware segment designs, manufactures, sources, markets and distributes a diverse line of household products.

See Also: Net Income

Dividend History for Newell Brands (NASDAQ:NWL)

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