Newell Brands Inc (NYSE:NWL) announced a quarterly dividend on Friday, November 9th, RTT News reports. Shareholders of record on Friday, November 30th will be given a dividend of 0.23 per share on Friday, December 14th. This represents a $0.92 dividend on an annualized basis and a yield of 4.62%.

Newell Brands has increased its dividend by an average of 10.1% per year over the last three years. Newell Brands has a dividend payout ratio of 104.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Newell Brands to earn $1.61 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 57.1%.

NWL opened at $19.90 on Friday. Newell Brands has a fifty-two week low of $15.11 and a fifty-two week high of $32.58. The company has a debt-to-equity ratio of 1.49, a quick ratio of 2.44 and a current ratio of 2.87. The company has a market cap of $9.53 billion, a price-to-earnings ratio of 8.47, a price-to-earnings-growth ratio of 3.40 and a beta of 0.82.

Newell Brands (NYSE:NWL) last issued its quarterly earnings results on Friday, November 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.55. The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.34 billion. Newell Brands had a negative net margin of 46.92% and a positive return on equity of 9.51%. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 EPS. Equities research analysts forecast that Newell Brands will post 1.22 EPS for the current fiscal year.

In related news, CEO Michael B. Polk bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The shares were bought at an average price of $20.63 per share, for a total transaction of $206,300.00. Following the transaction, the chief executive officer now directly owns 941,951 shares of the company’s stock, valued at $19,432,449.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.97% of the stock is owned by insiders.

A number of brokerages have recently issued reports on NWL. Morgan Stanley set a $23.00 price target on shares of Newell Brands and gave the stock a “hold” rating in a research report on Tuesday. TheStreet downgraded shares of Newell Brands from a “c” rating to a “d” rating in a research report on Friday, November 2nd. Deutsche Bank boosted their price target on shares of Newell Brands from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Monday, November 5th. Wells Fargo & Co boosted their price target on shares of Newell Brands from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Monday, November 5th. Finally, Jefferies Financial Group dropped their price target on shares of Newell Brands to $20.00 and set a “hold” rating on the stock in a research report on Monday, November 5th. Thirteen equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Newell Brands currently has a consensus rating of “Hold” and a consensus price target of $26.60.

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Newell Brands Company Profile

Newell Brands Inc designs, manufactures, sources, and distributes consumer and commercial products worldwide. The company's Live segment offers household products, including kitchen appliances, gourmet cookware, bakeware and cutlery, food storage and home storage products, fresh preserving products, and home fragrance products; and baby gear, infant care, and health products primarily under Aprica, Baby Jogger, Ball, Calphalon, Chesapeake Bay Candle, Crock-Pot, FoodSaver, Graco, Mr.

Further Reading: Rule of 72

Dividend History for Newell Brands (NYSE:NWL)

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