Newell Brands Inc. (NYSE:NWL) declared a quarterly dividend on Wednesday, August 9th, RTT News reports. Shareholders of record on Thursday, August 31st will be paid a dividend of 0.23 per share on Friday, September 15th. This represents a $0.92 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend is Tuesday, August 29th.
Newell Brands has raised its dividend payment by an average of 8.2% annually over the last three years. Newell Brands has a dividend payout ratio of 29.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Newell Brands to earn $3.51 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 26.2%.
Shares of Newell Brands (NYSE NWL) traded down 0.98% during trading on Friday, reaching $49.66. 2,958,457 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $52.25 and a 200 day moving average price of $50.17. Newell Brands has a 12-month low of $43.43 and a 12-month high of $55.08. The company has a market capitalization of $24.34 billion, a P/E ratio of 19.83 and a beta of 1.17.
Newell Brands (NYSE:NWL) last issued its earnings results on Friday, August 4th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.01. Newell Brands had a return on equity of 11.47% and a net margin of 7.87%. The business had revenue of $4.06 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the company earned $0.78 EPS. The business’s quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts expect that Newell Brands will post $3.12 EPS for the current fiscal year.
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Several research analysts have commented on NWL shares. UBS AG set a $60.00 price target on Newell Brands and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Jefferies Group LLC lifted their price target on Newell Brands from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, May 9th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Newell Brands in a research report on Saturday, April 22nd. BidaskClub raised Newell Brands from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Finally, Zacks Investment Research raised Newell Brands from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Saturday, July 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.07.
Newell Brands Company Profile
Newell Brands Inc is a marketer of consumer and commercial products. The Company’s segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its products are marketed under a portfolio of brands, including Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer’s, Coleman, Jostens, Marmot, Rawlings, Mr.
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