Newell Brands Inc. Plans Quarterly Dividend of $0.07 (NASDAQ:NWL)

Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Investors of record on Friday, May 31st will be paid a dividend of 0.07 per share on Friday, June 14th. This represents a $0.28 annualized dividend and a yield of 3.47%.

Newell Brands has decreased its dividend payment by an average of 21.8% per year over the last three years.

Newell Brands Stock Up 0.1 %

NASDAQ NWL opened at $8.06 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48. The stock’s 50 day moving average is $7.54 and its two-hundred day moving average is $7.78. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of -11.18, a PEG ratio of 1.43 and a beta of 0.95. Newell Brands has a 1-year low of $6.49 and a 1-year high of $11.61.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.06) earnings per share. Equities analysts forecast that Newell Brands will post 0.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

NWL has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. Citigroup boosted their price objective on shares of Newell Brands from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Raymond James cut shares of Newell Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, February 12th. Barclays boosted their price objective on shares of Newell Brands from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. Finally, Canaccord Genuity Group boosted their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Newell Brands has a consensus rating of “Hold” and a consensus price target of $8.61.

Newell Brands Company Profile

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.