Newell Brands Inc. (NASDAQ:NWL) Announces Quarterly Dividend of $0.07

Key Points

• Newell Brands declared a quarterly dividend of $0.07 per share, payable December 15 to shareholders of record November 30. That equals $0.28 annually and a 4.8% yield.
• The dividend appears covered by earnings: the payout ratio is 37.8%, and analysts forecast next-year EPS of $0.66, implying an expected payout ratio of 42.4%.
• Newell reported quarterly EPS of $0.20, matching estimates, while revenue of $1.87 billion slightly beat forecasts and rose 3.7% year over year.

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.07 per share on Tuesday, December 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, November 30th.

Newell Brands has decreased its dividend by an average of 0.2% per year over the last three years. Newell Brands has a dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Newell Brands to earn $0.66 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 42.4%.

Newell Brands Trading Up 4.1%

Newell Brands stock opened at $5.86 on Thursday. The firm has a 50 day simple moving average of $5.66 and a 200-day simple moving average of $4.86. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.27 and a quick ratio of 0.67. The stock has a market capitalization of $2.50 billion, a PE ratio of -7.61, a price-to-earnings-growth ratio of 0.79 and a beta of 0.88. Newell Brands has a 12-month low of $3.08 and a 12-month high of $7.13.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its earnings results on Friday, October 30th. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The firm had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.86 billion. Newell Brands had a positive return on equity of 13.41% and a negative net margin of 4.42%. The firm's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.17 earnings per share. As a group, equities research analysts expect that Newell Brands will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NWL. AXQ Capital LP bought a new position in Newell Brands in the 2nd quarter worth $3,851,000. Bank of America Corp DE acquired a new position in Newell Brands during the 2nd quarter worth $6,972,000. Louisiana State Employees Retirement System acquired a new position in Newell Brands during the 1st quarter worth $638,000. Jupiter Topco LLC bought a new stake in Newell Brands during the second quarter valued at about $1,162,000. Finally, Hsbc Holdings PLC boosted its holdings in Newell Brands by 264.0% during the second quarter. Hsbc Holdings PLC now owns 240,392 shares of the company's stock valued at $1,447,000 after acquiring an additional 174,357 shares during the period. 92.50% of the stock is owned by hedge funds and other institutional investors.

Newell Brands Company Profile

Newell Brands Inc is a global consumer products company that designs, manufactures and markets products used in homes, workplaces and outdoor settings. Its portfolio includes well-known brands such as Rubbermaid, Sharpie, Graco, Coleman, Yankee Candle, Crock-Pot, Mr. Coffee, FoodSaver, Calphalon, Elmer's and Sistema.

The company's products span food and home storage, cookware and small kitchen appliances, writing instruments and other learning supplies, baby and parenting products, outdoor and recreation equipment, home fragrance, and commercial products.

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