Spectrum Brands Holdings, Inc. (NYSE:SPB) Announces $0.47 Quarterly Dividend

Spectrum Brands Holdings, Inc. (NYSE:SPB) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.47 per share on Tuesday, March 11th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Tuesday, February 18th.

Spectrum Brands has raised its dividend payment by an average of 1.0% per year over the last three years. Spectrum Brands has a dividend payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Spectrum Brands to earn $5.69 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 33.0%.

Spectrum Brands Stock Up 1.0 %

Spectrum Brands stock traded up $0.80 during trading on Wednesday, reaching $82.99. The stock had a trading volume of 906,718 shares, compared to its average volume of 390,114. The company has a quick ratio of 1.62, a current ratio of 2.30 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average price of $87.05 and a 200 day moving average price of $89.17. The stock has a market cap of $2.27 billion, a PE ratio of 20.34, a P/E/G ratio of 1.51 and a beta of 1.20. Spectrum Brands has a 52-week low of $77.92 and a 52-week high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Friday, November 15th. The company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.16). Spectrum Brands had a net margin of 4.21% and a return on equity of 6.16%. The firm had revenue of $773.70 million during the quarter, compared to analysts’ expectations of $747.80 million. During the same period in the previous year, the firm earned $1.36 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. On average, analysts predict that Spectrum Brands will post 5.17 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SPB. Wells Fargo & Company cut their price target on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. UBS Group decreased their price target on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Finally, Canaccord Genuity Group increased their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.75.

About Spectrum Brands

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.