Spectrum Brands Holdings Declares Quarterly Common Stock Dividend of $0.42 Per Share, Board of Directors Reauthorizes 3-Year, $1 Billion Common Stock Repurchase Program
MIDDLETON, Wis.--(BUSINESS WIRE)--Jul 24, 2018--Spectrum Brands Holdings, Inc. (NYSE: SPB) announced that its Board of Directors today declared a quarterly dividend of $0.42 per share on the Company’s common stock. The dividend is payable on September 11, 2018 to stockholders of record as of the close of business on August 14, 2018.
The Company also announced that its Board of Directors has reauthorized a new three-year, $1 billion common stock repurchase program following its merger with HRG Group, Inc. on July 13. The common stock repurchase authorization is effective immediately and replaces an existing three-year program, which had a remaining available authorization of $970 million. Purchases under the program may be made in the open market or in privately negotiated transactions from time to time at management’s discretion. The repurchase program may be suspended or discontinued at any time.
About Spectrum Brands Holdings, Inc.
Spectrum Brands Holdings, a member of the Russell 1000 Index, is a global consumer products company offering a broad portfolio of leading brands and focused on driving innovation and exceptional customer service. The Company is a leading supplier of consumer batteries, residential locksets, residential builders’ hardware, plumbing, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, personal insect repellents, and auto care products. Helping to meet the needs of consumers worldwide, our Company offers a broad portfolio of market-leading, well-known and widely trusted brands including Rayovac®, VARTA®, Kwikset®, Weiser®, Baldwin®, National Hardware®, Pfister®, Remington®, George Foreman®, Russell Hobbs®, Black+Decker®, Tetra®, Marineland®, Nature’s Miracle®, Dingo®, 8-in-1®, FURminator®, IAMS® and Eukanuba® (Europe only), Digest-eeze™, Healthy-Hide®, Littermaid®, Spectracide®, Cutter®, Repel®, Hot Shot®, Black Flag®, Liquid Fence®, Armor All®, STP® and A/C PRO®. Spectrum Brands’ products are sold by the world’s top 25 retailers and are available in more than one million stores in approximately 160 countries. Based in Middleton, Wisconsin, Spectrum Brands Holdings generated net sales from continuing operations of approximately $3.0 billion in fiscal 2017. For more information, visit .
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CONTACT: Spectrum Brands Holdings, Inc.
KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN
INDUSTRY KEYWORD: ENERGY OTHER ENERGY HOME GOODS MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING RETAIL SPECIALTY CONSUMER PETS
SOURCE: Spectrum Brands Holdings, Inc.
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PUB: 07/24/2018 04:30 PM/DISC: 07/24/2018 04:30 PM