Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend on Tuesday, May 4th, RTT News reports. Stockholders of record on Monday, May 31st will be paid a dividend of 0.23 per share on Tuesday, June 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.28%.
Newell Brands has increased its dividend payment by 4.6% over the last three years and has raised its dividend annually for the last 1 consecutive years.
NASDAQ:NWL traded up $0.28 during trading hours on Tuesday, reaching $28.06. The company had a trading volume of 3,157,915 shares, compared to its average volume of 2,880,263. The business’s 50-day simple moving average is $26.58 and its two-hundred day simple moving average is $23.61. Newell Brands has a twelve month low of $11.05 and a twelve month high of $28.17. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 1.55. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of -108.03, a P/E/G ratio of 5.05 and a beta of 1.06.
Newell Brands (NASDAQ:NWL) last posted its earnings results on Thursday, April 29th. The company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.17. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.07 billion. Newell Brands had a negative net margin of 1.11% and a positive return on equity of 17.83%. The firm’s revenue was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. As a group, equities analysts predict that Newell Brands will post 1.71 earnings per share for the current year.
NWL has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Newell Brands from $24.00 to $26.00 and gave the company a “hold” rating in a research report on Monday. Jefferies Financial Group raised shares of Newell Brands to a “buy” rating and set a $28.00 target price on the stock in a research report on Monday, January 4th. TheStreet upgraded Newell Brands from a “c+” rating to a “b” rating in a report on Friday. Truist upped their price objective on Newell Brands from $30.00 to $35.00 in a research note on Monday. Finally, Bank of America raised shares of Newell Brands from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $24.00 to $27.00 in a report on Friday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.30.
About Newell Brands
Newell Brands, Inc engages in the manufacture, marketing, and sale of consumer and commercial products. It operates through the following segments: Appliances and Cookware; Commercial Solutions, Home Solutions; Learning and Development; and Outdoor and Recreation. The Appliances and Cookware segment designs, manufactures, sources, markets and distributes a diverse line of household products.