Spectrum Brands Holdings, Inc. (NYSE:SPB) to Issue $0.47 Quarterly Dividend

Spectrum Brands Holdings, Inc. (NYSE:SPB) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.47 per share on Tuesday, March 11th. This represents a $1.88 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, February 18th.

Spectrum Brands has increased its dividend by an average of 1.0% per year over the last three years. Spectrum Brands has a dividend payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Spectrum Brands to earn $5.69 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 33.0%.

Spectrum Brands Stock Up 1.0 %

NYSE SPB traded up $0.80 during trading hours on Wednesday, reaching $82.99. 906,718 shares of the company’s stock were exchanged, compared to its average volume of 390,114. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.62 and a current ratio of 2.30. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company’s 50-day moving average is $87.05 and its two-hundred day moving average is $89.17. Spectrum Brands has a one year low of $77.92 and a one year high of $96.74.

Spectrum Brands (NYSE:SPB) last issued its quarterly earnings data on Friday, November 15th. The company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.16). The company had revenue of $773.70 million for the quarter, compared to analyst estimates of $747.80 million. Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $1.36 earnings per share. On average, analysts forecast that Spectrum Brands will post 5.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPB shares. Wells Fargo & Company cut their target price on Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. UBS Group reduced their target price on shares of Spectrum Brands from $114.00 to $109.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group boosted their price objective on Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research note on Monday, November 18th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $100.75.

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.