Spectrum Brands Holdings Inc. (NYSE:SPB) Stock to Pay Quarterly Dividend of $0.47

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

Spectrum Brands has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Performance

Spectrum Brands stock traded down $0.79 during mid-day trading on Wednesday, hitting $87.91. 22,639 shares of the company’s stock traded hands, compared to its average volume of 357,862. The firm has a 50 day moving average price of $82.99 and a 200 day moving average price of $81.18. The company has a quick ratio of 1.61, a current ratio of 2.41 and a debt-to-equity ratio of 0.33. The company has a market cap of $2.02 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 3.20 and a beta of 0.81. Spectrum Brands has a one year low of $51.54 and a one year high of $99.06.

Spectrum Brands Company Profile

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.