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.
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
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