Spectrum Brands Holdings, Inc. (SPB) to Issue Quarterly Dividend of $0.42 on December 19th
Spectrum Brands Holdings, Inc. (NYSE:SPB) declared a quarterly dividend on Wednesday, November 15th, Wall Street Journal reports. Shareholders of record on Tuesday, November 28th will be paid a dividend of 0.42 per share on Tuesday, December 19th. This represents a $1.68 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Monday, November 27th.
Spectrum Brands Holdings has increased its dividend by an average of 15.0% per year over the last three years and has increased its dividend every year for the last 3 years. Spectrum Brands Holdings has a payout ratio of 26.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Spectrum Brands Holdings to earn $6.98 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 24.1%.
Shares of Spectrum Brands Holdings (SPB) opened at $113.75 on Wednesday. Spectrum Brands Holdings has a 1-year low of $98.11 and a 1-year high of $146.09. The stock has a market capitalization of $6,482.93, a PE ratio of 20.60, a P/E/G ratio of 1.80 and a beta of 0.75. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44.
Spectrum Brands Holdings (NYSE:SPB) last released its earnings results on Thursday, November 16th. The company reported $1.35 EPS for the quarter, missing the Zacks’ consensus estimate of $1.47 by ($0.12). Spectrum Brands Holdings had a net margin of 5.91% and a return on equity of 17.48%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the previous year, the business earned $1.31 EPS. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. analysts expect that Spectrum Brands Holdings will post 6.23 earnings per share for the current fiscal year.
A number of brokerages have issued reports on SPB. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $167.00 price objective on shares of Spectrum Brands Holdings in a research report on Monday. BMO Capital Markets set a $132.00 price objective on Spectrum Brands Holdings and gave the company a “buy” rating in a report on Friday, November 17th. KeyCorp set a $130.00 price objective on Spectrum Brands Holdings and gave the company a “buy” rating in a research note on Friday, November 17th. Bank of America Corporation lifted their price objective on Spectrum Brands Holdings from $113.00 to $116.00 and gave the stock a “neutral” rating in a report on Friday, November 17th. Finally, Gabelli raised shares of Spectrum Brands Holdings from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $137.25.
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Spectrum Brands Holdings Company Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
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