Spectrum Brands Raises Quarterly Dividend: What it Means for Investors

Zacks11-14

Spectrum Brands Holdings, Inc. SPB announced an increase in its quarterly dividend, raising it to 47 cents per share from the previous 42 cents. This 12% hike underscores Spectrum Brands' commitment ...

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This 12% hike underscores Spectrum Brands' commitment ...</p>\n\n<a href=\"https://finance.yahoo.com/news/spectrum-brands-raises-quarterly-dividend-154500820.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Spectrum Brands Raises Quarterly Dividend: What it Means for Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSpectrum Brands Raises Quarterly Dividend: What it Means for Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-14 23:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/spectrum-brands-raises-quarterly-dividend-154500820.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Spectrum Brands Holdings, Inc. SPB announced an increase in its quarterly dividend, raising it to 47 cents per share from the previous 42 cents. This 12% hike underscores Spectrum Brands' commitment ...</p>\n\n<a href=\"https://finance.yahoo.com/news/spectrum-brands-raises-quarterly-dividend-154500820.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4508","symbol_name":"社交媒体","start_time":0,"source_url":"https://finance.yahoo.com/news/spectrum-brands-raises-quarterly-dividend-154500820.html","article_id":"2483818382","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/jbWx2X79.aWsTMOecIGK0Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/0f77d4bdcd8f0e49e42e0254d1e5e777"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483818382","pubTimestamp":1731599100,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Spectrum Brands has been proactive in its cost-takeout actions, implemented in the second half of fiscal 2022, including fixed cost reduction by eliminating permanently salaried headcount and reducing advertising and promotional spending. It is focused on a disciplined cost structure.Spectrum Brands is progressing well with its Global Productivity Improvement Plan, which aims at improving the company's operating efficiency and effectiveness while focusing on consumer insights and growth-enabling functions, including technology, marketing, and research and development. The majority of the savings are expected to be reinvested into growth initiatives and consumer insights, R&D and marketing across each of the businesses. This plan will also enable the company to deliver value creation and sustainable growth in the long term.The Zacks Consensus Estimate for fourth-quarter fiscal 2024 revenues is pegged at $740.1 million, suggesting a decrease of 0.09% from the prior-year quarter’s reporte","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4508":"社交媒体","ISBC":"投资者银行","BK4191":"家用电器","UNICY":"Unicharm Corp.","BK4018":"居家用品","BK4585":"ETF&股票定投概念","SPB":"Spectrum Brands Holdings","BK4077":"互动媒体与服务","BK4551":"寇图资本持仓","BK4576":"AR","BK4539":"次新股","BK4588":"碎股","SNA":"施耐宝","LU2065732104.USD":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","BK4211":"区域性银行","BK4554":"元宇宙及AR概念","BK4161":"工业机械","COOK":"Traeger Inc. (TGPX Holdings I LLC)"},"translate_title":"Spectrum Brands提高季度股息：这对投资者意味着什么","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNICY":1,"SPB":1,"SNA":1,"ISBC":1,"COOK":1},"content_text":"Spectrum Brands Holdings, Inc. SPB announced an increase in its quarterly dividend, raising it to 47 cents per share from the previous 42 cents. This 12% hike underscores Spectrum Brands' commitment to delivering consistent value to its shareholders through dividend increases.Scheduled to be paid on Dec. 17, 2024, to its shareholders of record as of Nov. 26, 2024, this is a milestone in Spectrum Brands' tradition of rewarding its investors with dependable dividends. With this adjustment, the company's annualized dividend rate now stands at $1.88 per share, translating to an attractive yield of 2% based on yesterday's stock.Spectrum Brands' strategy of regularly increasing dividend not only bolsters shareholder income but also reinforces investor confidence in the company's financial health and stability. Such shareholder-friendly actions are crucial in attracting long-term investors who prioritize consistent returns. These strategic actions not only enhance shareholder value but also elevate the stock’s market appeal. By increasing dividends, companies effectively encourage investors to buy or hold their shares. The decision to raise dividends reflects the company’s robust financial position and capacity to generate substantial cash flow, reinforcing its commitment to delivering consistent returns to investors.This announcement precedes Spectrum Brands' upcoming fourth-quarter fiscal 2024 results, scheduled for release on Nov. 15, before the opening bell. Spectrum Brands’ fourth-quarter fiscal 2024 results are expected to benefit from pricing actions, cost efficiencies, volume-driven returns across all three segments and a favorable product mix all expected to have contributed to improved margins.\nInsights Into SPB's Initiatives\nSpectrum Brands has been proactive in its cost-takeout actions, implemented in the second half of fiscal 2022, including fixed cost reduction by eliminating permanently salaried headcount and reducing advertising and promotional spending. It is focused on a disciplined cost structure.Spectrum Brands is progressing well with its Global Productivity Improvement Plan, which aims at improving the company's operating efficiency and effectiveness while focusing on consumer insights and growth-enabling functions, including technology, marketing, and research and development. The majority of the savings are expected to be reinvested into growth initiatives and consumer insights, R&D and marketing across each of the businesses. This plan will also enable the company to deliver value creation and sustainable growth in the long term.The Zacks Consensus Estimate for fourth-quarter fiscal 2024 revenues is pegged at $740.1 million, suggesting a decrease of 0.09% from the prior-year quarter’s reported figure. However, we note that the consensus mark for earnings has moved down by 2 pennies to $1.13 per share over the past 30 days.Shares of this Zacks Rank #4 (Sell) company have gained 2.9% in the past three months against the industry’s decline of 1.8%.\nImage Source: Zacks Investment Research\n \nThree Picks You Can’t Miss\nSome better-ranked stocks from the Consumer Discretionary sector are Traeger, Inc. COOK, Unicharm Corporation UNICY and Snap-on Incorporated SNA.Traeger, the creator and category leader of wood pellet grills, carries a Zacks Rank #2 (Buy) at present. COOK has a trailing four-quarter negative surprise of 41.2%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.The Zacks Consensus Estimate for Traeger’s current financial-year earnings indicates growth of 127.3% from the year-ago corresponding figure.Unicharm is a manufacturer and seller of baby and child care, feminine care, healthcare, cosmetics, household and pet care products. It currently has a Zacks Rank 2. UNICY has a trailing four-quarter negative surprise of 6.4%, on average.The Zacks Consensus Estimate for Unicharm’s current financial-year sales indicates a decline of 1.9% from the year-ago reported figures.Snap-on, a global provider of professional tools, equipment and related solutions for technicians, vehicle service centers, original equipment manufacturers and other industrial users, presently carries a Zacks Rank #2. SNA has a trailing four-quarter earnings surprise of 1.6%, on average.The Zacks Consensus Estimate for Snap-on’s current financial year’s earnings indicates growth of growth of 3%, from the year-ago period's reported numbers.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nSnap-On Incorporated (SNA) : Free Stock Analysis Report\nSpectrum Brands Holdings Inc. (SPB) : Free Stock Analysis Report\nUnicharm (UNICY) : Free Stock Analysis Report\nTraeger, Inc. (COOK) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483818382"}