Newell Brands Inc. (NASDAQ:NWL) Plans $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 by an average of 21.8% annually over the last three years. Newell Brands has a dividend 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 Trading Up 1.1 %

Shares of NWL traded up $0.10 during trading hours on Monday, hitting $9.32. The company had a trading volume of 4,042,122 shares, compared to its average volume of 5,536,537. Newell Brands has a 52-week low of $5.39 and a 52-week high of $9.68. The company has a quick ratio of 0.50, a current ratio of 0.99 and a debt-to-equity ratio of 1.43. The stock’s 50 day moving average price is $7.78 and its 200 day moving average price is $7.45. The firm has a market cap of $3.88 billion, a P/E ratio of -15.37, a P/E/G ratio of 0.85 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.96 billion. Newell Brands had a negative net margin of 3.22% and a positive return on equity of 10.22%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.39 earnings per share. On average, research analysts predict that Newell Brands will post 0.65 EPS for the current year.

Insider Activity at Newell Brands

In other Newell Brands news, insider Bradford R. Turner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total value of $179,200.00. Following the completion of the transaction, the insider now owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on NWL. Truist Financial upped their price target on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. Citigroup downgraded Newell Brands from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft lifted their price target 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 price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Newell Brands from $7.50 to $9.50 and gave the stock a “sector perform” rating in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Newell Brands presently has an average rating of “Hold” and an average target price of $8.90.

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.