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

Newell Brands Inc. (NASDAQ:NWL) declared a quarterly dividend on Wednesday, May 8th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 3.48%.

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

Newell Brands Stock Performance

Shares of NWL stock traded up $0.09 on Wednesday, hitting $8.05. 3,133,215 shares of the stock traded hands, compared to its average volume of 5,002,478. Newell Brands has a 1-year low of $6.49 and a 1-year high of $11.61. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.15 and a quick ratio of 0.58. The company’s fifty day moving average is $7.54 and its 200 day moving average is $7.78. The company has a market capitalization of $3.34 billion, a PE ratio of -11.18, a PEG ratio of 1.43 and a beta of 0.95.

Newell Brands (NASDAQ:NWL) last issued its earnings results on Friday, April 26th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.64 billion. Newell Brands had a positive return on equity of 11.21% and a negative net margin of 3.70%. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the company earned ($0.06) earnings per share. On average, equities research analysts predict that Newell Brands will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NWL. Raymond James cut Newell Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, February 12th. Morgan Stanley lowered their price objective on Newell Brands from $8.50 to $7.75 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. Royal Bank of Canada cut their price target on shares of Newell Brands from $9.00 to $7.50 and set a “sector perform” rating for the company in a report on Monday, February 12th. Canaccord Genuity Group raised their price objective on shares of Newell Brands from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Finally, Wells Fargo & Company raised their price objective on shares of Newell Brands from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $8.61.

Newell Brands Company Profile

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.