Spectrum Brands Holdings Inc. (NYSE:SPB) Declares Quarterly Dividend of $0.47

Spectrum Brands Holdings Inc. (NYSE:SPB) declared 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 of this dividend is Tuesday, November 24th.

Spectrum Brands has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 1.0%

SPB traded down $0.85 on Wednesday, hitting $87.84. 30,875 shares of the company were exchanged, compared to its average volume of 357,881. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.61 and a current ratio of 2.41. The firm has a fifty day simple moving average of $82.99 and a two-hundred day simple moving average of $81.18. The stock has a market capitalization of $2.02 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.20 and a beta of 0.81. Spectrum Brands has a 12 month low of $51.54 and a 12 month high of $99.06.

Hedge Funds Weigh In On Spectrum Brands

Several hedge funds have recently made changes to their positions in the business. Pzena Investment Management LLC bought a new stake in Spectrum Brands in the second quarter valued at $207,584,000. BlackRock Inc. bought a new position in Spectrum Brands in the 2nd quarter worth $166,197,000. Alberta Investment Management Corp bought a new position in Spectrum Brands in the 2nd quarter worth $46,353,000. Manning & Napier Advisors LLC purchased a new stake in shares of Spectrum Brands in the 2nd quarter worth about $26,496,000. Finally, Bank of America Corp DE purchased a new stake in shares of Spectrum Brands in the 2nd quarter worth about $24,742,000.

About Spectrum Brands

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.