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

Newell Brands Inc. (NASDAQ:NWL) announced a quarterly dividend on Monday, August 12th, RTT News reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.07 per share on Friday, September 13th. This represents a $0.28 annualized dividend and a dividend yield of 4.09%.

Newell Brands has decreased its dividend payment by an average of 21.8% annually over the last three years. Newell Brands has a dividend payout ratio of 36.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Newell Brands to earn $0.78 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 35.9%.

Newell Brands Stock Down 3.5 %

Shares of NASDAQ:NWL traded down $0.25 during trading on Monday, reaching $6.84. The stock had a trading volume of 5,313,198 shares, compared to its average volume of 5,025,354. Newell Brands has a one year low of $5.39 and a one year high of $10.72. The company has a market capitalization of $2.84 billion, a P/E ratio of -9.50, a PEG ratio of 1.47 and a beta of 0.88. The company has a current ratio of 0.98, a quick ratio of 0.51 and a debt-to-equity ratio of 1.32. The firm’s 50-day simple moving average is $6.94 and its 200 day simple moving average is $7.45.

Newell Brands (NASDAQ:NWL) last posted its earnings results on Friday, July 26th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.15. Newell Brands had a negative net margin of 3.43% and a positive return on equity of 13.04%. The firm had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.05 billion. During the same period in the previous year, the firm earned $0.24 EPS. The business’s quarterly revenue was down 7.8% on a year-over-year basis. As a group, research analysts expect that Newell Brands will post 0.64 EPS for the current fiscal year.

Analysts Set New Price Targets

NWL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price target on Newell Brands from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Monday, July 22nd. Barclays upgraded Newell Brands from an “underweight” rating to an “equal weight” rating and set a $8.00 price target for the company in a research report on Tuesday, May 14th. Truist Financial increased their price objective on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research note on Tuesday, July 30th. Wells Fargo & Company boosted their target price on Newell Brands from $6.00 to $9.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Finally, Citigroup decreased their target price on Newell Brands from $8.00 to $6.25 and set a “neutral” rating for the company in a report on Wednesday, July 10th. Eleven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $8.82.

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.