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

Spectrum Brands Holdings, Inc. (NYSE:SPB) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.47 per share on Tuesday, March 11th. This represents a $1.88 annualized dividend and a dividend yield of 2.27%. The ex-dividend date is Tuesday, February 18th.

Spectrum Brands has raised its dividend by an average of 1.0% annually over the last three years. Spectrum Brands has a payout ratio of 30.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.0 %

Spectrum Brands stock traded up $0.80 during trading hours on Wednesday, reaching $82.99. The stock had a trading volume of 616,734 shares, compared to its average volume of 374,381. The stock has a market cap of $2.27 billion, a PE ratio of 20.34, a PEG ratio of 1.51 and a beta of 1.20. Spectrum Brands has a 52 week low of $77.92 and a 52 week high of $96.74. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.30 and a quick ratio of 1.62. The company has a fifty day simple moving average of $87.05 and a 200-day simple moving average of $89.17.

Spectrum Brands (NYSE:SPB) last posted its 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). Spectrum Brands had a return on equity of 6.16% and a net margin of 4.21%. The company had revenue of $773.70 million during the quarter, compared to analysts’ expectations of $747.80 million. During the same period in the prior year, the business posted $1.36 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. Analysts forecast that Spectrum Brands will post 5.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Spectrum Brands from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Monday, November 18th. UBS Group reduced their price target 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, Wells Fargo & Company reduced their price target on shares of Spectrum Brands from $92.00 to $88.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.75.

About Spectrum Brands

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.