Spectrum Brands Holdings Inc. (SPB) to Issue Quarterly Dividend of $0.47 on December 15th

Spectrum Brands Holdings Inc. (NYSE:SPB) declared a quarterly dividend on Tuesday, November 10th. Stockholders of record on Tuesday, November 24th will be paid a dividend of $0.47 per share on Tuesday, December 15th. This represents a $1.88 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, November 24th.

Spectrum Brands has a payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Spectrum Brands to earn $5.62 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 33.5%.

Spectrum Brands Trading Down 0.3%

Shares of NYSE:SPB opened at $88.42 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.41 and a debt-to-equity ratio of 0.33. Spectrum Brands has a 52-week low of $51.54 and a 52-week high of $99.06. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 11.02, a PEG ratio of 3.18 and a beta of 0.81. The business has a 50-day moving average price of $83.04 and a 200-day moving average price of $81.30.

Spectrum Brands (NYSE:SPB) last issued its earnings results on Thursday, November 12th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.49. Spectrum Brands had a return on equity of 10.06% and a net margin of 2.76%. The firm had revenue of $713.20 million for the quarter, compared to analyst estimates of $717.98 million. Equities analysts predict that Spectrum Brands will post 6.26 EPS for the current year.

Institutional Trading of Spectrum Brands

Several large investors have recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in Spectrum Brands during the second quarter worth $27,000. Allworth Financial LP acquired a new position in Spectrum Brands during the 2nd quarter worth about $29,000. Fulcrum Asset Management LLP acquired a new position in Spectrum Brands during the 3rd quarter worth about $61,000. Integrated Wealth Concepts LLC purchased a new position in Spectrum Brands during the 2nd quarter valued at about $70,000. Finally, Nykredit A S purchased a new position in Spectrum Brands during the 2nd quarter valued at about $102,000.

About Spectrum Brands

Spectrum Brands Holdings, Inc. is a global consumer products company that develops, manufactures and markets products for homes, pets and gardens. Its businesses serve consumers through a portfolio of established brands and retail, e-commerce and other distribution channels. The company’s Home and Personal Care products include small kitchen appliances, personal care devices and home appliances sold under brands such as Remington, Russell Hobbs, George Foreman and Black+Decker, under license. Its Global Pet Care business offers products for aquatic pets, companion animals and pet health, including brands such as Tetra, DreamBone and Nature’s Miracle.