|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||24.15 - 25.35|
|52 Week Range||17.40 - 30.70|
|Beta (5Y Monthly)||0.70|
|PE Ratio (TTM)||22.43|
|Forward Dividend & Yield||0.40 (1.57%)|
|Ex-Dividend Date||Nov 21, 2022|
|1y Target Est||N/A|
STOCKHOLM (Reuters) -Assa Abloy, the world's biggest lockmaker, raised its dividend more than expected as it met quarterly profit forecasts on Friday, signalling its confidence even as it braces for an uncertain economic outlook. The company, whose products range from security doors and automated entrance solutions to electronic and mechanical locks, proposed a dividend of 4.80 crowns per share for 2022, up from 4.20 crowns a year earlier and above the 4.66 crowns seen by analysts.
Assa Abloy, the world's biggest lockmaker, raised its dividend more than expected as it met quarterly profit forecasts on Friday, signalling its confidence even as it braces for an uncertain economic outlook. The Swedish group reported a 28% increase in fourth-quarter operating profit to 5.15 billion Swedish crowns ($49.62 billion) from 4.01 billion a year-earlier.
Shares of Spectrum Brands (NYSE: SPB) were surging 21.9% higher at 11:07 a.m. ET Friday morning after the consumer and home products company announced it was another step closer to selling off its hardware and home improvement (HHI) business for $4.3 billion. While the development could be a good one for Spectrum, it's still an amazing jump in the share price. Over a year ago, Spectrum Brands had announced its intention to sell the HHI business to Assa Abloy (OTC: ASAZY), a Swedish conglomerate.