NWL - Newell Brands slashes dividend by ~70% to $0.07
2023-05-16 08:36:06 ET
- Newell Brands ( NASDAQ: NWL ) declares $0.07/share quarterly dividend , -69.6% decrease from prior dividend of $0.23.
- Forward yield 3.02%
- Payable June 15; for shareholders of record May 31; ex-div May 30.
- Management continues to expect a strong rebound in Newell Brands’ cash flow performance in 2023 and remains confident about the cash flow generation potential of the business. The company is deliberately resetting its capital allocation priorities and right-sizing the dividend to fund high-return internal supply chain consolidation investment opportunities, while enabling faster de-leveraging of the balance sheet and providing additional financial flexibility.
- See NWL Dividend Scorecard, Yield Chart, & Dividend Growth.
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Newell Brands slashes dividend by ~70% to $0.07