Spectrum Brands Holdings, Inc. (NYSE:SPB – Get Free Report) announced a quarterly dividend on Tuesday, August 6th, NASDAQ reports. Investors of record on Tuesday, August 27th will be paid a dividend of 0.42 per share on Tuesday, September 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Tuesday, August 27th.
Spectrum Brands has a dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Spectrum Brands to earn $5.37 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 31.3%.
Spectrum Brands Stock Performance
SPB stock traded down $0.96 during midday trading on Wednesday, hitting $81.78. The company’s stock had a trading volume of 650,724 shares, compared to its average volume of 422,313. Spectrum Brands has a 1 year low of $65.27 and a 1 year high of $96.74. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 1.66, a PEG ratio of 0.36 and a beta of 1.19. The stock’s 50-day moving average price is $86.24 and its 200 day moving average price is $84.96. The company has a quick ratio of 3.05, a current ratio of 3.73 and a debt-to-equity ratio of 0.61.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on the stock. Canaccord Genuity Group dropped their price objective on shares of Spectrum Brands from $92.00 to $90.00 and set a “hold” rating on the stock in a report on Monday, July 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $114.00 price target on shares of Spectrum Brands in a research report on Friday, June 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Spectrum Brands from $85.00 to $91.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Oppenheimer boosted their price objective on shares of Spectrum Brands from $88.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Company lowered their target price on shares of Spectrum Brands from $95.00 to $87.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $98.43.
Check Out Our Latest Stock Report on Spectrum Brands
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.
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