Spectrum Brands Holdings, Inc. Announces Quarterly Dividend of $0.47 (NYSE:SPB)

Spectrum Brands Holdings, Inc. (NYSE:SPB) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.47 per share on Tuesday, March 11th. This represents a $1.88 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, February 18th.

Spectrum Brands has raised its dividend by an average of 1.0% annually over the last three years. Spectrum Brands has a payout ratio of 30.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Spectrum Brands to earn $5.69 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 33.0%.

Spectrum Brands Stock Performance

NYSE SPB opened at $82.99 on Thursday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.51 and a beta of 1.20. Spectrum Brands has a 1-year low of $77.92 and a 1-year high of $96.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The business’s 50-day simple moving average is $87.05 and its 200-day simple moving average is $89.17.

Spectrum Brands (NYSE:SPB) last released its quarterly earnings data 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 firm had revenue of $773.70 million during the quarter, compared to analyst estimates 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 for the quarter was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 earnings per share. Equities analysts predict that Spectrum Brands will post 5.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on SPB shares. Wells Fargo & Company dropped their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Canaccord Genuity Group lifted their price objective on Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Finally, UBS Group dropped their price objective on Spectrum Brands from $114.00 to $109.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.75.

Spectrum Brands Company Profile

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.