Spectrum Brands Holdings Inc. (NYSE:SPB) Plans $0.47 Quarterly Dividend

Spectrum Brands Holdings Inc. (NYSE:SPB) announced a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Tuesday, February 17th will be given a dividend of 0.47 per share on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, February 17th.

Spectrum Brands has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Spectrum Brands has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Spectrum Brands to earn $5.81 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 32.4%.

Spectrum Brands Trading Up 2.2%

Spectrum Brands stock traded up $1.51 during midday trading on Wednesday, reaching $68.49. The stock had a trading volume of 76,296 shares, compared to its average volume of 324,088. The stock has a market capitalization of $1.59 billion, a PE ratio of 17.29 and a beta of 0.68. Spectrum Brands has a twelve month low of $49.99 and a twelve month high of $83.50. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.41 and a current ratio of 2.26. The stock’s 50-day simple moving average is $61.35 and its 200 day simple moving average is $57.15.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings results on Thursday, November 13th. The company reported $2.61 EPS for the quarter, beating the consensus estimate of $0.77 by $1.84. Spectrum Brands had a net margin of 3.56% and a return on equity of 7.29%. The firm had revenue of $733.50 million for the quarter, compared to analyst estimates of $738.57 million. During the same quarter last year, the firm posted $0.97 earnings per share. Spectrum Brands’s revenue for the quarter was down 5.2% compared to the same quarter last year. Analysts expect that Spectrum Brands will post 5.06 EPS for the current year.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.