Newell Brands Inc. Announces Quarterly Dividend of $0.07 (NASDAQ:NWL)

Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.07 per share on Friday, June 14th. This represents a $0.28 annualized dividend and a yield of 3.48%.

Newell Brands has decreased its dividend payment by an average of 21.8% annually over the last three years.

Newell Brands Stock Performance

NASDAQ NWL traded up $0.09 on Wednesday, reaching $8.05. 3,133,215 shares of the company’s stock traded hands, compared to its average volume of 5,002,478. The stock has a 50 day moving average price of $7.54 and a 200-day moving average price of $7.78. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of -11.18, a P/E/G ratio of 1.43 and a beta of 0.95. Newell Brands has a fifty-two week low of $6.49 and a fifty-two week high of $11.61. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.58 and a current ratio of 1.15.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.64 billion. Newell Brands had a negative net margin of 3.70% and a positive return on equity of 11.21%. The company’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Equities research analysts predict that Newell Brands will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NWL. JPMorgan Chase & Co. upped their price target on shares of Newell Brands from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Barclays upped their price target on shares of Newell Brands from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. Wells Fargo & Company upped their price target on shares of Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Monday, April 29th. Canaccord Genuity Group upped their price target on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. Finally, Raymond James downgraded shares of Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.61.

About Newell Brands

Newell Brands Inc engages in the design, manufacture, sourcing, and distribution of consumer and commercial products worldwide. The company operates in three segments: Home and Commercial Solutions, Learning and Development, and Outdoor and Recreation. The Commercial Solutions segment provides commercial cleaning and maintenance solution products under the Rubbermaid, Rubbermaid Commercial Products, Mapa, and Spontex brands; closet and garage organization products; hygiene systems and material handling solutions; household products, such as kitchen appliances under the Crockpot, Mr.