Spectrum Brands Holdings, Inc. (SPB) Announces $0.42 Quarterly Dividend
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.
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.
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