Spectrum Brands Holdings Inc. to Issue Quarterly Dividend of $0.47 (NYSE:SPB)

Spectrum Brands Holdings Inc. (NYSE:SPB) declared 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 2.1%. The ex-dividend date is Tuesday, August 25th.

Spectrum Brands has increased its dividend 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 dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Spectrum Brands to earn $5.48 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 34.3%.

Spectrum Brands Price Performance

SPB opened at $90.58 on Thursday. Spectrum Brands has a 1 year low of $49.99 and a 1 year high of $92.29. The stock has a fifty day moving average price of $85.02 and a 200 day moving average price of $78.95. The company has a current ratio of 2.29, a quick ratio of 1.42 and a debt-to-equity ratio of 0.30. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 2.86 and a beta of 0.63.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.21. The firm had revenue of $708.90 million for the quarter, compared to analyst estimates of $676.45 million. Spectrum Brands had a net margin of 4.47% and a return on equity of 8.23%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 earnings per share. Analysts forecast that Spectrum Brands will post 5.32 EPS for the current fiscal year.

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.