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

Newell Brands Inc. (NASDAQ:NWL) announced a quarterly dividend on Monday, November 11th,RTT News reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.07 per share on Friday, December 13th. This represents a $0.28 dividend on an annualized basis and a yield of 3.00%.

Newell Brands has decreased its dividend by an average of 21.8% annually over the last three years. Newell Brands has a payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Newell Brands to earn $0.79 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 35.4%.

Newell Brands Stock Up 1.1 %

Shares of NWL stock opened at $9.32 on Tuesday. Newell Brands has a 1 year low of $5.39 and a 1 year high of $9.68. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The business’s fifty day moving average is $7.82 and its 200-day moving average is $7.47. The stock has a market cap of $3.88 billion, a PE ratio of -15.53, a price-to-earnings-growth ratio of 0.85 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last released its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company earned $0.39 earnings per share. Newell Brands’s revenue was down 2.6% compared to the same quarter last year. Equities analysts expect that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on NWL shares. Truist Financial increased their target price on shares of Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft increased their price objective on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. decreased their target price on Newell Brands from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Royal Bank of Canada boosted their target price on Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research report on Monday, July 29th. Finally, Citigroup lowered Newell Brands from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.90.

Insider Buying and Selling

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of Newell Brands stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the transaction, the insider now owns 230,254 shares of the company’s stock, valued at $2,063,075.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.58% of the company’s stock.

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.