Newell Brands Inc. (NASDAQ:NWL) to Issue $0.07 Quarterly Dividend

Key Points

• Newell Brands Inc. has declared a quarterly dividend of $0.07 per share, payable on September 15th, with a dividend yield of 5.8% based on an annualized payout.
• The company reported a revenue of $1.94 billion and earnings per share (EPS) of $0.24 for the last quarter, aligning with analysts' expectations but reflecting a 4.8% decline in revenue year-over-year.
• Insider trading activity shows CEO Melanie Huet sold 8,800 shares, resulting in a 14.47% decrease in her ownership stake in the company, which is primarily held by institutional investors (92.50%).

Newell Brands Inc. (NASDAQ:NWL - Get Free Report) declared a quarterly dividend on Monday, August 11th, RTT News reports. Stockholders of record on Friday, August 29th will be paid a dividend of 0.07 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, August 29th.

Newell Brands has a dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Newell Brands to earn $0.86 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 32.6%.

Newell Brands Price Performance

Shares of NWL stock traded up $0.20 during trading hours on Thursday, reaching $5.39. 10,256,685 shares of the company were exchanged, compared to its average volume of 8,233,495. The stock's fifty day moving average is $5.53 and its two-hundred day moving average is $5.96. Newell Brands has a fifty-two week low of $4.22 and a fifty-two week high of $11.78. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -9.14 and a beta of 0.96. The company has a debt-to-equity ratio of 1.68, a current ratio of 1.12 and a quick ratio of 0.57.

Newell Brands (NASDAQ:NWL - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Newell Brands had a negative net margin of 3.29% and a positive return on equity of 8.48%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the business posted $0.36 earnings per share. Newell Brands's revenue was down 4.8% compared to the same quarter last year. Sell-side analysts forecast that Newell Brands will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Melanie Arlene Huet sold 8,800 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $5.11, for a total transaction of $44,968.00. Following the completion of the sale, the chief executive officer owned 52,007 shares of the company's stock, valued at $265,755.77. This represents a 14.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.71% of the company's stock.

Institutional Investors Weigh In On Newell Brands

Large investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in Newell Brands by 3.0% during the fourth quarter. LPL Financial LLC now owns 96,294 shares of the company's stock worth $959,000 after purchasing an additional 2,808 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Newell Brands by 17.2% during the fourth quarter. JPMorgan Chase & Co. now owns 679,491 shares of the company's stock worth $6,768,000 after purchasing an additional 99,871 shares during the last quarter. Cerity Partners LLC boosted its holdings in Newell Brands by 6.1% during the fourth quarter. Cerity Partners LLC now owns 97,350 shares of the company's stock worth $933,000 after purchasing an additional 5,627 shares during the last quarter. Bank of Montreal Can boosted its holdings in Newell Brands by 471.7% during the fourth quarter. Bank of Montreal Can now owns 281,885 shares of the company's stock worth $2,808,000 after purchasing an additional 232,580 shares during the last quarter. Finally, Advisory Services Network LLC boosted its holdings in Newell Brands by 16.6% during the fourth quarter. Advisory Services Network LLC now owns 21,163 shares of the company's stock worth $211,000 after purchasing an additional 3,020 shares during the last quarter. Institutional investors own 92.50% of the company's stock.

About Newell Brands

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.