Spectrum Brands Holdings, Inc. to Issue Dividend of $0.47 (NYSE:SPB)

Spectrum Brands Holdings, Inc. (NYSE:SPB) announced a dividend on Wednesday, November 13th,NASDAQ Dividends reports. Shareholders of record on Tuesday, November 26th will be paid a dividend of 0.47 per share on Tuesday, December 17th. The ex-dividend date of this dividend is Tuesday, November 26th.

Spectrum Brands has a dividend payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Spectrum Brands to earn $6.12 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 27.5%.

Spectrum Brands Trading Up 0.2 %

Shares of SPB stock traded up $0.16 during mid-day trading on Thursday, reaching $93.86. The stock had a trading volume of 428,469 shares, compared to its average volume of 382,596. The firm has a market capitalization of $2.63 billion, a PE ratio of 26.85, a price-to-earnings-growth ratio of 0.26 and a beta of 1.23. The stock’s 50-day moving average price is $91.58 and its two-hundred day moving average price is $89.35. The company has a current ratio of 2.28, a quick ratio of 1.61 and a debt-to-equity ratio of 0.26. Spectrum Brands has a 52-week low of $65.27 and a 52-week high of $96.74.

Analysts Set New Price Targets

Several research firms have weighed in on SPB. Wells Fargo & Company lifted their price objective on Spectrum Brands from $87.00 to $90.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Spectrum Brands from $91.00 to $94.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, UBS Group raised their target price on shares of Spectrum Brands from $111.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $101.88.

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.