Newell Brands Inc. (NASDAQ:NWL) Shareholders to Get $0.07 Quarterly Dividend

Newell Brands Inc. (NASDAQ:NWL) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, November 30th will be given 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 dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Equities 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%

NWL stock opened at $5.86 on Thursday. The stock has a market capitalization of $2.50 billion, a P/E ratio of -7.61, a P/E/G ratio of 0.79 and a beta of 0.88. The business has a 50-day moving average of $5.66 and a 200-day moving average of $4.86. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 0.67. Newell Brands has a fifty-two week low of $3.08 and a fifty-two week high of $7.13.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings data on Friday, October 30th. The company reported $0.20 earnings per share 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 company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the business earned $0.17 EPS. Newell Brands’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Newell Brands will post 0.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Newell Brands

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Newell Brands in the 2nd quarter valued at $436,133,000. Pzena Investment Management LLC acquired a new position in shares of Newell Brands during the 2nd quarter worth $294,663,000. Rubric Capital Management LP increased its position in Newell Brands by 17.4% during the first quarter. Rubric Capital Management LP now owns 15,257,431 shares of the company’s stock worth $52,333,000 after buying an additional 2,257,431 shares in the last quarter. Primecap Management Co. CA acquired a new position in Newell Brands in the second quarter valued at $36,003,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Newell Brands during the 2nd quarter valued at about $15,135,000. 92.50% of the stock is owned by institutional investors and hedge funds.

Newell Brands Company Profile

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.