Spectrum Brands Holdings Inc. Plans Quarterly Dividend of $0.47 (NYSE:SPB)

Spectrum Brands Holdings Inc. (NYSE:SPB) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, August 25th will be paid a dividend of 0.47 per share on Tuesday, September 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Tuesday, August 25th.

Spectrum Brands has increased its dividend by an average of 0.0%annually over the last three years and has increased 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. Research analysts expect Spectrum Brands to earn $5.48 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 34.3%.

Spectrum Brands Stock Performance

Spectrum Brands stock opened at $90.58 on Thursday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.42 and a current ratio of 2.29. The company has a market capitalization of $2.08 billion, a PE ratio of 17.29, a P/E/G ratio of 2.86 and a beta of 0.63. The company has a 50 day moving average price of $85.02 and a 200-day moving average price of $78.95. Spectrum Brands has a fifty-two week low of $49.99 and a fifty-two week high of $92.29.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.21. The company had revenue of $708.90 million for the quarter, compared to analysts’ expectations of $676.45 million. Spectrum Brands had a return on equity of 8.23% and a net margin of 4.47%.Spectrum Brands’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. As a group, equities analysts forecast that Spectrum Brands will post 5.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SPB. Wells Fargo & Company lifted their target price on Spectrum Brands from $80.00 to $85.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 8th. Wall Street Zen downgraded Spectrum Brands from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Canaccord Genuity Group cut their price target on Spectrum Brands from $100.00 to $99.00 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $81.00 price objective on shares of Spectrum Brands in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Spectrum Brands in a research note on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

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.