Spectrum Brands Holdings Inc. (SPB) to Issue Quarterly Dividend of $0.47 on June 16th

Spectrum Brands Holdings Inc. (NYSE:SPB) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 26th will be paid a dividend of 0.47 per share on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, May 26th.

Spectrum Brands has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Spectrum Brands has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Spectrum Brands to earn $5.51 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 34.1%.

Spectrum Brands Price Performance

Shares of NYSE:SPB opened at $78.49 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.29 and a debt-to-equity ratio of 0.30. Spectrum Brands has a fifty-two week low of $49.99 and a fifty-two week high of $86.96. The firm has a 50-day simple moving average of $78.00 and a 200 day simple moving average of $69.22. The company has a market cap of $1.82 billion, a PE ratio of 14.98, a P/E/G ratio of 2.46 and a beta of 0.67.

Spectrum Brands (NYSE:SPB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.21. Spectrum Brands had a net margin of 4.47% and a return on equity of 8.23%. The business had revenue of $708.90 million during the quarter, compared to the consensus estimate of $676.45 million. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Spectrum Brands will post 5.32 EPS for the current year.

Insider Activity

In related news, CEO David M. Maura acquired 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $72.85 per share, for a total transaction of $182,125.00. Following the completion of the acquisition, the chief executive officer directly owned 790,708 shares of the company’s stock, valued at approximately $57,603,077.80. The trade was a 0.32% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. ProShare Advisors LLC boosted its holdings in shares of Spectrum Brands by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 4,721 shares of the company’s stock valued at $279,000 after acquiring an additional 140 shares in the last quarter. Federated Hermes Inc. boosted its holdings in shares of Spectrum Brands by 1.3% in the fourth quarter. Federated Hermes Inc. now owns 12,048 shares of the company’s stock valued at $712,000 after acquiring an additional 157 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Spectrum Brands by 96.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 630 shares of the company’s stock valued at $37,000 after acquiring an additional 310 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Spectrum Brands by 111.7% in the fourth quarter. Farther Finance Advisors LLC now owns 635 shares of the company’s stock valued at $38,000 after acquiring an additional 335 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of Spectrum Brands by 58.2% in the fourth quarter. CWM LLC now owns 1,237 shares of the company’s stock valued at $73,000 after acquiring an additional 455 shares in the last quarter.

About Spectrum Brands

Spectrum Brands Holdings, Inc is a global consumer products company that develops and markets a diverse portfolio of branded household and personal care products. Organized into four principal business segments—Hardware & Home Improvement, Home & Garden, Pet, and Appliances & Personal Care—the company offers a broad range of items including security and plumbing solutions, small electric appliances, grooming tools, and pet care accessories. Its hardware division features well-known brands such as Kwikset, Baldwin and Pfister, while the home appliance segment is anchored by names like Russell Hobbs and Remington.