Newell Brands Declares Dividend on Common Stock

Rhea-AI Summary

Newell Brands Inc. (NWL) declares a quarterly cash dividend of $0.07 per share, payable on March 15, 2024, to common stockholders of record as of February 29, 2024.

Financial Analyst

The declaration of a quarterly cash dividend by Newell Brands Inc. suggests a stable financial position and a commitment to returning value to shareholders. Dividends are typically a sign of a company's confidence in its current cash flow and future earnings. The amount of $0.07 per share needs to be evaluated in the context of the company's dividend history and payout ratio to assess sustainability. Investors will be interested in the yield this dividend represents relative to the stock's price and how it compares to industry peers and alternative investment opportunities.

Market Research Analyst

From a market perspective, the announcement can influence investor sentiment and stock performance. Dividend declarations often act as a signal to the market regarding a company's health and its management's outlook. It's crucial to analyze market trends and the competitive landscape to understand the potential impact on Newell Brands' market position. The timing of the dividend could also be a strategic move to attract or retain investors, especially if the market is experiencing volatility.

Economist

Examining the broader economic context is essential when considering the implications of a dividend announcement. Factors such as interest rate trends, inflation and economic cycles can influence the attractiveness of dividend stocks. In a low-interest-rate environment, for example, dividends can make equities more appealing to income-seeking investors. However, macroeconomic headwinds could affect the company's future ability to maintain or increase dividends, which in turn could impact shareholder returns and stock valuation.

ATLANTA--(BUSINESS WIRE)-- Newell Brands Inc. (NASDAQ: NWL) announced today the declaration of a quarterly cash dividend of $0.07 per share. The dividend is payable March 15, 2024 to common stockholders of record at the close of business on February 29, 2024.

About Newell Brands

Newell Brands (NASDAQ: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer’s, Oster, NUK, Spontex and Campingaz. Newell Brands is focused on delighting consumers by lighting up everyday moments.

This press release and additional information about Newell Brands are available on the company’s website, www.newellbrands.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240215528612/en/

Investors:

Sofya Tsinis

VP, Investor Relations

+1 (201) 610-6901

sofya.tsinis@newellco.com

Media:

Beth Stellato

Chief Communications Officer

+1 (470) 580-1086

beth.stellato@newellco.com

Source: Newell Brands Inc.

What is the dividend amount announced by Newell Brands Inc. (NWL)?

Newell Brands Inc. (NWL) declared a quarterly cash dividend of $0.07 per share.

When will the dividend be payable to Newell Brands Inc. (NWL) common stockholders?

The dividend announced by Newell Brands Inc. (NWL) will be payable on March 15, 2024.

Who is eligible to receive the dividend declared by Newell Brands Inc. (NWL)?

The dividend declared by Newell Brands Inc. (NWL) is payable to common stockholders of record as of February 29, 2024.