Spectrum Brands Holdings Inc. (SPB) to Issue Quarterly Dividend of $0.47 on June 16th

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

Spectrum Brands has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Spectrum Brands has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 3.1%

Shares of Spectrum Brands stock opened at $84.90 on Thursday. Spectrum Brands has a twelve month low of $49.99 and a twelve month high of $86.96. The company has a quick ratio of 1.38, a current ratio of 2.21 and a debt-to-equity ratio of 0.29. The business has a 50-day moving average price of $77.87 and a 200-day moving average price of $67.39. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.77 and a beta of 0.67.

Spectrum Brands (NYSE:SPB) last posted its earnings results on Thursday, May 7th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.21. Spectrum Brands had a return on equity of 7.65% and a net margin of 3.76%.The company had revenue of $708.90 million for the quarter, compared to the consensus estimate of $676.45 million. Equities research analysts anticipate that Spectrum Brands will post 4.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SPB. Weiss Ratings upgraded Spectrum Brands from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Royal Bank Of Canada set a $85.00 target price on shares of Spectrum Brands in a research note on Friday, February 6th. Oppenheimer lifted their price target on shares of Spectrum Brands from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company boosted their price target on Spectrum Brands from $62.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, February 6th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.00.

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.