Newell Brands Inc. (NWL) to Issue Quarterly Dividend of $0.07 on June 14th

Newell Brands Inc. (NASDAQ:NWLGet Free Report) announced a quarterly dividend on Wednesday, May 8th, RTT News reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.07 per share on Friday, June 14th. This represents a $0.28 dividend on an annualized basis and a yield of 3.40%.

Newell Brands has decreased its dividend payment by an average of 21.8% annually over the last three years.

Newell Brands Stock Up 2.2 %

NWL stock opened at $8.23 on Friday. The firm has a market cap of $3.42 billion, a PE ratio of -11.43, a PEG ratio of 1.43 and a beta of 0.95. Newell Brands has a 1 year low of $6.49 and a 1 year high of $11.61. The company has a fifty day simple moving average of $7.55 and a 200 day simple moving average of $7.78. The company has a current ratio of 1.15, a quick ratio of 0.58 and a debt-to-equity ratio of 1.48.

Newell Brands (NASDAQ:NWLGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Sell-side analysts anticipate that Newell Brands will post 0.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NWL has been the topic of a number of research analyst reports. Morgan Stanley lowered their target price on shares of Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Citigroup raised their price target on Newell Brands from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Barclays boosted their price objective on Newell Brands from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. Canaccord Genuity Group raised their target price on Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company upped their price target on Newell Brands from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.61.

Read Our Latest Report on NWL

Newell Brands Company Profile

(Get Free Report)

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.

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Dividend History for Newell Brands (NASDAQ:NWL)

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