Newell Brands Inc. (NASDAQ:NWL – Get Free Report) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Monday, August 31st will be paid a dividend of 0.07 per share on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Monday, August 31st.
Newell Brands has decreased its dividend by an average of 0.2%per year over the last three years. Newell Brands has a payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Newell Brands to earn $0.66 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 42.4%.
Newell Brands Stock Performance
Shares of NWL stock opened at $6.17 on Friday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.59 and a current ratio of 1.11. Newell Brands has a 52 week low of $3.07 and a 52 week high of $7.13. The company’s 50 day moving average price is $5.66 and its two-hundred day moving average price is $4.64. The company has a market capitalization of $2.63 billion, a P/E ratio of -11.64, a price-to-earnings-growth ratio of 1.45 and a beta of 0.88.
Newell Brands Company Profile
Newell Brands Inc, trading on NASDAQ under the ticker NWL, is a global consumer goods company known for its diverse portfolio of household, commercial, and specialty products. Formed through the merger of Newell Rubbermaid and Jarden Corporation in 2016, the company traces its roots back to Newell Manufacturing, which was founded in 1903. Headquartered in Atlanta, Georgia, Newell Brands has built a reputation for widely recognized brands spanning multiple consumer categories.
The company’s business activities are organized across several segments, including writing and creative expression, home solutions, commercial products, and outdoor recreation.
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