Spectrum Brands Holdings Inc. (SPB) To Go Ex-Dividend on August 25th

Spectrum Brands Holdings Inc. (NYSE:SPB) announced a quarterly dividend on Wednesday, August 5th. Stockholders 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 dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 25th.

Spectrum Brands has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Spectrum Brands has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Spectrum Brands to earn $5.67 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 33.2%.

Spectrum Brands Stock Performance

Shares of SPB stock opened at $86.93 on Friday. The firm’s 50 day moving average price is $86.82 and its 200-day moving average price is $80.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.61 and a current ratio of 2.41. Spectrum Brands has a one year low of $49.99 and a one year high of $99.06. The firm has a market cap of $2.00 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.74 and a beta of 0.63.

Spectrum Brands (NYSE:SPB) last posted its quarterly earnings data on Friday, August 7th. The company reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $1.33. The firm had revenue of $753.30 million during the quarter, compared to analysts’ expectations of $732.19 million. Spectrum Brands had a net margin of 2.76% and a return on equity of 10.06%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. As a group, equities research analysts predict that Spectrum Brands will post 6.38 EPS for the current year.

Institutional Trading of Spectrum Brands

A number of large investors have recently modified their holdings of SPB. Global Retirement Partners LLC purchased a new position in Spectrum Brands in the second quarter valued at $27,000. Allworth Financial LP purchased a new stake in Spectrum Brands during the 2nd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. increased its holdings in Spectrum Brands by 7,237.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 587 shares of the company’s stock worth $31,000 after purchasing an additional 579 shares during the period. Nomura Asset Management Co. Ltd. raised its position in Spectrum Brands by 96.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock valued at $37,000 after purchasing an additional 310 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Spectrum Brands by 111.7% in the 4th quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock valued at $38,000 after purchasing an additional 335 shares in the last quarter.

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.