Spectrum Brands declares quarterly dividend of $0.47 per share

Published 05/08/2025, 22:38
Spectrum Brands declares quarterly dividend of $0.47 per share

MIDDLETON, Wis. - Spectrum Brands Holdings, Inc. (NYSE:SPB) announced Tuesday that its Board of Directors has declared a quarterly dividend of $0.47 per share on the company’s common stock.

The dividend will be payable on September 23, 2025, to shareholders of record as of August 26, 2025, according to a company press release.

Spectrum Brands is a home-essentials company that supplies specialty pet supplies, lawn and garden products, home pest control products, personal care items, and small household appliances. With a market capitalization of $1.33 billion and annual revenue of $2.93 billion, the company appears undervalued according to InvestingPro analysis. The company’s portfolio includes brands such as Tetra, DreamBone, Spectracide, Cutter, Remington, George Foreman, BLACK + DECKER, and PowerXL.

The company describes itself as focused on "delivering innovative products and solutions to consumers for use in and around the home through its trusted brands."

No changes to the dividend amount were noted in the announcement compared to previous quarters.

In other recent news, Spectrum Brands reported its financial results for the second quarter of 2025, which showed a significant earnings miss. The company’s earnings per share were $0.68, falling short of the forecasted $1.44. Revenues also did not meet expectations, totaling $675.7 million compared to the anticipated $698.91 million. Following these results, UBS analyst Peter Grom adjusted the price target for Spectrum Brands, raising it to $78 from the previous $76, while maintaining a Buy rating. The company has withdrawn its guidance due to uncertainties, including fluctuating consumer demand and the impact of tariffs.

Meanwhile, Superior Plus Corp. announced a quarterly dividend of CAD $0.045 per share, scheduled for payment on July 15, 2025, to shareholders on record as of June 30, 2025. This dividend is classified as an eligible dividend for Canadian income tax purposes. The annualized dividend rate for Superior Plus now stands at CAD $0.18 per share. These developments reflect recent activities and adjustments within the companies.

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