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

Spectrum Brands Holdings Inc. (NYSE:SPB) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 26th will be given a dividend of 0.47 per share on Tuesday, June 16th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, May 26th.

Spectrum Brands has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. Spectrum Brands has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Spectrum Brands to earn $5.37 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 35.0%.

Spectrum Brands Stock Performance

Shares of SPB opened at $84.04 on Wednesday. The company has a market capitalization of $1.95 billion, a PE ratio of 19.41, a PEG ratio of 2.69 and a beta of 0.67. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 2.21. The company’s 50 day moving average price is $77.75 and its 200 day moving average price is $67.16. Spectrum Brands has a 52 week low of $49.99 and a 52 week high of $85.49.

Spectrum Brands (NYSE:SPB) last released its earnings results on Thursday, February 5th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.63. The company had revenue of $677.00 million during the quarter, compared to the consensus estimate of $667.59 million. Spectrum Brands had a net margin of 3.76% and a return on equity of 7.65%. The company’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.02 EPS. Research analysts expect that Spectrum Brands will post 4.9 EPS for the current fiscal year.

Spectrum Brands Company Profile

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.