Spectrum Brands Holdings, Inc. (NYSE:SPB) announced a quarterly dividend on Monday, January 29th, Zacks reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.42 per share on Tuesday, March 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Friday, February 16th.

Spectrum Brands has raised its dividend payment by an average of 11.9% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Spectrum Brands has a payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Spectrum Brands to earn $5.40 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 31.1%.

Shares of Spectrum Brands (NYSE:SPB) opened at $107.23 on Friday. The company has a market capitalization of $6,206.47, a price-to-earnings ratio of 15.98, a PEG ratio of 1.72 and a beta of 0.69. Spectrum Brands has a 1-year low of $98.11 and a 1-year high of $146.09. 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 (NYSE:SPB) last posted its quarterly earnings results on Thursday, February 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. The business had revenue of $646.50 million for the quarter, compared to analysts’ expectations of $1.26 billion. Spectrum Brands had a return on equity of 14.79% and a net margin of 8.80%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 earnings per share. research analysts expect that Spectrum Brands will post 4.2 EPS for the current fiscal year.

Several equities analysts recently issued reports on SPB shares. Jefferies Group reiterated a “buy” rating and issued a $142.00 price target on shares of Spectrum Brands in a report on Thursday, November 16th. Wells Fargo & Co reiterated a “buy” rating on shares of Spectrum Brands in a report on Wednesday, December 20th. KeyCorp set a $140.00 price target on Spectrum Brands and gave the company a “buy” rating in a report on Tuesday, January 16th. BMO Capital Markets set a $132.00 price target on Spectrum Brands and gave the company a “buy” rating in a report on Friday, November 17th. Finally, Oppenheimer reiterated a “buy” rating and issued a $167.00 price target on shares of Spectrum Brands in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $142.50.

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Spectrum Brands 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.

Dividend History for Spectrum Brands (NYSE:SPB)

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