Spectrum Brands Holdings, Inc. (SPB) to Issue Quarterly Dividend of $0.47 on December 17th

Spectrum Brands Holdings, Inc. (NYSE:SPB) announced a quarterly dividend on Wednesday, November 13th,NASDAQ Dividends reports. Investors of record on Tuesday, November 26th will be given a dividend of 0.47 per share on Tuesday, December 17th. This represents a $1.88 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Tuesday, November 26th. This is an increase from Spectrum Brands’s previous quarterly dividend of $0.42.

Spectrum Brands has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Spectrum Brands to earn $5.80 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 32.4%.

Spectrum Brands Trading Up 0.2 %

Shares of SPB opened at $90.45 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.61. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.58 and a beta of 1.23. The company has a 50-day moving average of $91.45 and a 200 day moving average of $89.66. Spectrum Brands has a 1-year low of $65.50 and a 1-year high of $96.74.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16). The company had revenue of $773.70 million for the quarter, compared to the consensus estimate of $747.80 million. Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.36 EPS. On average, research analysts expect that Spectrum Brands will post 5.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SPB. Canaccord Genuity Group upped their price objective on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Wells Fargo & Company lifted their price objective on shares of Spectrum Brands from $87.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, UBS Group increased their target price on shares of Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $102.38.

About Spectrum Brands

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.