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

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 annualized dividend and a yield of 3.00%.

Newell Brands has decreased its dividend payment by an average of 21.8% per year over the last three years. Newell Brands has a payout ratio of 36.4% indicating that its dividend is sufficiently covered by earnings. 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 Performance

NASDAQ:NWL opened at $9.32 on Tuesday. The firm’s fifty day simple moving average is $7.82 and its 200 day simple moving average is $7.47. The company has a current ratio of 0.99, a quick ratio of 0.50 and a debt-to-equity ratio of 1.43. Newell Brands has a twelve month low of $5.39 and a twelve month high of $9.68. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of -15.53, a PEG ratio of 0.85 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last issued its quarterly earnings data on Friday, October 25th. The company reported $0.16 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 company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, equities research analysts expect that Newell Brands will post 0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NWL shares. JPMorgan Chase & Co. lowered their price objective on shares of Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company lifted their price target on shares of Newell Brands from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Canaccord Genuity Group upped their price objective on shares of Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Truist Financial boosted their price target on Newell Brands from $8.00 to $10.00 and gave the stock a “hold” rating in a research note on Tuesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Newell Brands from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.90.

Insider Activity

In related news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares in the company, valued at $2,063,075.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.