Newell Brands Inc. (NASDAQ:NWL) Stock to Pay Quarterly Dividend of $0.07

Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.07 per share on Tuesday, December 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, November 30th.

Newell Brands has decreased its dividend payment by an average of 0.2% annually over the last three years. Newell Brands has a payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Newell Brands to earn $0.66 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 42.4%.

Newell Brands Stock Up 4.1%

Shares of NWL stock opened at $5.86 on Thursday. Newell Brands has a 12 month low of $3.08 and a 12 month high of $7.13. The company has a quick ratio of 0.67, a current ratio of 1.27 and a debt-to-equity ratio of 2.05. The firm has a market cap of $2.50 billion, a PE ratio of -7.61, a price-to-earnings-growth ratio of 0.79 and a beta of 0.88. The stock has a 50 day moving average of $5.66 and a 200-day moving average of $4.86.

Newell Brands (NASDAQ:NWL) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.20 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.20. Newell Brands had a negative net margin of 4.42% and a positive return on equity of 13.41%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter last year, the company posted $0.17 earnings per share. Newell Brands’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that Newell Brands will post 0.76 EPS for the current year.

About Newell Brands

Newell Brands Inc is a global consumer products company that designs, manufactures and markets products used in homes, workplaces and outdoor settings. Its portfolio includes well-known brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Crock-Pot, Mr. Coffee, FoodSaver, Calphalon, Elmer’s and Sistema.

The company’s products span food and home storage, cookware and small kitchen appliances, writing instruments and other learning supplies, baby and parenting products, outdoor and recreation equipment, home fragrance, and commercial products.