Newell Brands Inc Announces Quarterly Dividend of $0.23 (NYSE:NWL)

Newell Brands Inc (NYSE:NWL) announced a quarterly dividend on Tuesday, November 5th, RTT News reports. Investors of record on Wednesday, November 27th will be paid a dividend of 0.23 per share on Friday, December 13th. This represents a $0.92 annualized dividend and a yield of 4.60%.

NWL stock traded up $0.02 during trading on Wednesday, hitting $19.99. The company had a trading volume of 1,164,349 shares, compared to its average volume of 5,711,744. The company has a fifty day moving average price of $18.94 and a two-hundred day moving average price of $16.23. The company has a current ratio of 2.98, a quick ratio of 2.53 and a debt-to-equity ratio of 1.54. The company has a market cap of $8.46 billion, a P/E ratio of 7.27, a P/E/G ratio of 3.82 and a beta of 0.90. Newell Brands has a fifty-two week low of $13.04 and a fifty-two week high of $24.57.

Newell Brands (NYSE:NWL) last announced its quarterly earnings results on Friday, November 1st. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.17. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.38 billion. Newell Brands had a positive return on equity of 9.55% and a negative net margin of 46.92%. Newell Brands’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, analysts expect that Newell Brands will post 1.22 earnings per share for the current year.

Several brokerages recently commented on NWL. Barclays reaffirmed a “hold” rating on shares of Newell Brands in a research note on Wednesday, August 7th. Zacks Investment Research raised Newell Brands from a “hold” rating to a “strong-buy” rating and set a $21.00 price target on the stock in a research note on Wednesday. TheStreet raised Newell Brands from a “d” rating to a “c-” rating in a research note on Friday, November 1st. SunTrust Banks upgraded Newell Brands from a “hold” rating to a “buy” rating and lifted their price objective for the company from $15.00 to $25.00 in a research report on Monday, September 30th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Newell Brands in a research report on Wednesday, July 31st. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Newell Brands has an average rating of “Buy” and a consensus price target of $19.78.

In other Newell Brands news, Director Michael Todman acquired 5,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $15.76 per share, for a total transaction of $78,800.00. Following the transaction, the director now owns 72,184 shares in the company, valued at approximately $1,137,619.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.97% of the company’s stock.

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.

Featured Story: Stock Portfolio Tracker

Dividend History for Newell Brands (NYSE:NWL)

Receive News & Ratings for Newell Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newell Brands and related companies with MarketBeat.com's FREE daily email newsletter.