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

Key Points

• Spectrum Brands declared a quarterly dividend of $0.47 per share (annualized $1.88) to shareholders of record on May 26, payable June 16, implying a yield of about 2.2%.
• The dividend appears sustainable with a current payout ratio around 40%, and analysts forecast ~$5.37 EPS next year (an implied payout ratio near 35%), suggesting continued coverage of the payout.
• Most recent quarter beat expectations with $1.40 EPS vs $0.77 estimate and $677M revenue, and the stock trades near its 52-week high (~$84) with a market cap of about $1.95B and a PE of ~19.4.

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

Spectrum Brands has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Spectrum Brands has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Research 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 Price Performance

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

Spectrum Brands (NYSE:SPB - Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.63. Spectrum Brands had a net margin of 3.76% and a return on equity of 7.65%. The company had revenue of $677.00 million for the quarter, compared to analysts' expectations of $667.59 million. During the same quarter in the previous year, the company posted $1.02 EPS. The business's revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.