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

Spectrum Brands Holdings, Inc. (NYSE:SPB) announced a quarterly dividend on Wednesday, November 13th,NASDAQ Dividends reports. Stockholders of record on Tuesday, November 26th will be paid a dividend of 0.47 per share on Tuesday, December 17th. This represents a $1.88 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Tuesday, November 26th. This is a boost from Spectrum Brands’s previous quarterly dividend of $0.42.

Spectrum Brands has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Spectrum Brands to earn $5.80 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 32.4%.

Spectrum Brands Trading Up 0.2 %

SPB stock opened at $90.45 on Friday. The business’s 50-day moving average is $91.45 and its 200 day moving average is $89.66. Spectrum Brands has a 12-month low of $65.50 and a 12-month high of $96.74. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 1.58 and a beta of 1.23. The company has a current ratio of 2.30, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings results on Friday, November 15th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.16). The firm had revenue of $773.70 million for the quarter, compared to analysts’ expectations of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 earnings per share. On average, sell-side analysts anticipate that Spectrum Brands will post 5.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SPB shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Wells Fargo & Company increased their price objective on shares of Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. UBS Group boosted their target price on Spectrum Brands from $111.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Canaccord Genuity Group increased their price target on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a report on Monday, November 18th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $102.38.

Spectrum Brands Company Profile

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.