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

Newell Brands Inc. (NASDAQ:NWL) announced a quarterly dividend on Monday, November 11th,RTT News reports. Investors of record on Friday, November 29th will be paid a dividend of 0.07 per share on Friday, December 13th. This represents a $0.28 dividend on an annualized basis and a yield of 3.05%.

Newell Brands has decreased its dividend by an average of 21.8% per year over the last three years. Newell Brands has a dividend payout ratio of 36.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Newell Brands to earn $0.79 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 35.4%.

Newell Brands Stock Down 1.5 %

NWL stock opened at $9.18 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.50 and a current ratio of 0.99. The business has a 50 day moving average price of $7.82 and a two-hundred day moving average price of $7.47. Newell Brands has a twelve month low of $5.39 and a twelve month high of $9.68.

Newell Brands (NASDAQ:NWL) last released its quarterly earnings results on Friday, October 25th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.96 billion. Newell Brands had a positive return on equity of 10.22% and a negative net margin of 3.22%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. On average, sell-side analysts predict that Newell Brands will post 0.65 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on NWL. JPMorgan Chase & Co. dropped their price objective on Newell Brands from $9.00 to $8.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Newell Brands from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Royal Bank of Canada upped their price target on Newell Brands from $7.50 to $9.50 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Canaccord Genuity Group upped their price target on Newell Brands from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Truist Financial upped their target price on Newell Brands from $8.00 to $10.00 and gave the company a “hold” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $8.90.

Insider Activity at Newell Brands

In related news, insider Bradford R. Turner sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $8.96, for a total transaction of $179,200.00. Following the completion of the sale, the insider now directly owns 230,254 shares of the company’s stock, valued at approximately $2,063,075.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

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.