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

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) declared a quarterly dividend on Thursday, February 13th,RTT News reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.07 per share on Friday, March 14th. This represents a $0.28 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Friday, February 28th.

Newell Brands has decreased its dividend payment by an average of 32.7% annually over the last three years. Newell Brands has a dividend payout ratio of 32.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Newell Brands to earn $0.76 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 36.8%.

Newell Brands Price Performance

Shares of NASDAQ:NWL traded up $0.04 during midday trading on Monday, hitting $7.05. The stock had a trading volume of 6,666,097 shares, compared to its average volume of 5,673,623. The company's 50-day moving average price is $9.87 and its 200-day moving average price is $8.67. The company has a market capitalization of $2.93 billion, a P/E ratio of -11.75, a price-to-earnings-growth ratio of 1.09 and a beta of 0.89. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. Newell Brands has a fifty-two week low of $5.39 and a fifty-two week high of $11.78.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. During the same quarter last year, the firm posted $0.22 EPS. As a group, equities research analysts predict that Newell Brands will post 0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Newell Brands from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. UBS Group increased their price target on shares of Newell Brands from $9.50 to $10.50 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Royal Bank of Canada lowered their price target on shares of Newell Brands from $9.50 to $9.00 and set a "sector perform" rating on the stock in a report on Monday, February 10th. Canaccord Genuity Group lowered their price target on shares of Newell Brands from $15.00 to $14.00 and set a "buy" rating on the stock in a report on Monday, February 10th. Finally, Truist Financial raised shares of Newell Brands from a "hold" rating to a "buy" rating and raised their target price for the company from $10.00 to $17.00 in a research note on Monday, December 9th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $10.81.

Insider Buying and Selling at Newell Brands

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of the business's stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.58% of the company's stock.

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.