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

Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend on Monday, August 12th, RTT News reports. Shareholders of record on Friday, August 30th will be given a dividend of 0.07 per share on Friday, September 13th. This represents a $0.28 annualized dividend and a yield of 3.99%.

Newell Brands has decreased its dividend by an average of 21.8% per year over the last three years. Newell Brands has a dividend payout ratio of 36.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Newell Brands to earn $0.78 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 35.9%.

Newell Brands Price Performance

Shares of NWL traded up $0.17 during mid-day trading on Tuesday, reaching $7.01. 850,883 shares of the company’s stock were exchanged, compared to its average volume of 4,998,421. The company has a quick ratio of 0.51, a current ratio of 0.98 and a debt-to-equity ratio of 1.32. Newell Brands has a 52-week low of $5.39 and a 52-week high of $10.72. The company has a market cap of $2.91 billion, a price-to-earnings ratio of -9.50, a PEG ratio of 1.47 and a beta of 0.88. The company has a 50-day simple moving average of $6.92 and a two-hundred day simple moving average of $7.44.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.15. Newell Brands had a positive return on equity of 13.04% and a negative net margin of 3.43%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The business’s revenue was down 7.8% on a year-over-year basis. On average, sell-side analysts predict that Newell Brands will post 0.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on NWL shares. Wells Fargo & Company upped their price objective on shares of Newell Brands from $6.00 to $9.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Barclays upgraded shares of Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price target on the stock in a report on Tuesday, May 14th. Royal Bank of Canada lifted their target price on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a report on Monday, July 29th. Canaccord Genuity Group boosted their price target on Newell Brands from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Newell Brands has an average rating of “Hold” and a consensus price target of $8.82.

Newell Brands Company Profile

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.