Spectrum Brands Holdings Inc. (SPB) to Distribute Quarterly Dividend of $0.47 on September 22nd

Spectrum Brands Holdings Inc. (NYSE:SPB) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, August 25th will be given a dividend of 0.47 per share on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, August 25th.

Spectrum Brands has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Spectrum Brands has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Spectrum Brands to earn $5.48 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 34.3%.

Spectrum Brands Stock Performance

Spectrum Brands stock opened at $87.80 on Friday. The company’s 50-day moving average price is $85.21 and its 200-day moving average price is $79.13. Spectrum Brands has a twelve month low of $49.99 and a twelve month high of $92.29. The company has a quick ratio of 1.42, a current ratio of 2.29 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.02 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 2.84 and a beta of 0.63.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings results on Friday, August 7th. The company reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $1.46 by $1.33. Spectrum Brands had a net margin of 4.47% and a return on equity of 8.23%. On average, equities research analysts forecast that Spectrum Brands will post 5.32 EPS for the current fiscal year.

About Spectrum Brands

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.