|Bid||14.78 x 176000|
|Ask||14.91 x 176000|
|Day's Range||14.95 - 15.09|
|52 Week Range||11.82 - 22.96|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 10, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
ATLANTA, February 02, 2023--Newell Brands Inc. (NASDAQ: NWL) announced today the declaration of a quarterly cash dividend of $0.23 per share. The dividend is payable March 15, 2023 to common stockholders of record at the close of business on February 28, 2023.
In response to rising inflation, Newell Brands (NWL) has come up with a restructuring and savings initiative, Project Phoenix, to reduce costs and optimize the organization.
The sharpie maker joins a growing list of companies in corporate America - from Wall Street Banks and tech companies such as Spotify Technology SA to online furniture retailer Wayfair Inc - that have reduced their workforce amid worries of an economic downturn. Newell said it will begin laying off employees in the first quarter of 2023. Shares of Newell rose about 3% to $15.51 in morning trading.