Newell Brands Inc. (NWL) To Go Ex-Dividend on February 28th

Newell Brands Inc. (NASDAQ:NWL) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Investors of record on Friday, February 28th will be given 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 of this dividend is Friday, February 28th.

Newell Brands has decreased its dividend payment by an average of 32.7% per year over the last three years. Newell Brands has a dividend payout ratio of 32.6% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 0.6 %

NWL stock opened at $7.05 on Friday. Newell Brands has a fifty-two week low of $5.39 and a fifty-two week high of $11.78. The business’s 50-day moving average is $9.87 and its two-hundred day moving average is $8.67. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -11.75, a P/E/G ratio of 1.09 and a beta of 0.89.

Newell Brands (NASDAQ:NWL) last posted its quarterly earnings data on Friday, February 7th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. During the same period in the prior year, the company earned $0.22 EPS. As a group, analysts forecast that Newell Brands will post 0.65 earnings per share for the current year.

Insiders Place Their Bets

In other Newell Brands news, insider Tracy L. Platt sold 23,343 shares of Newell Brands stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $10.31, for a total value of $240,666.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

NWL has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on Newell Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research note on Monday, February 10th. Citigroup decreased their target price on Newell Brands from $10.50 to $7.75 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Canaccord Genuity Group decreased their target price on Newell Brands from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. UBS Group lifted their target price on Newell Brands from $9.50 to $10.50 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on Newell Brands from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.81.

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.