Spectrum Brands declares higher dividend

Special to The Freeman

Jan. 29, 2015

MIDDLETON — Spectrum Brands Holdings, Inc. has declared a quarterly dividend, which is 10 percent higher than its previous quarterly dividend.

According to the Middleton-based company, the quarterly dividend is $0.33 per share on the company’s common stock, which is an increase of 10 percent compared to the previous quarterly dividend of $0.30 per share. The dividend is payable on March 10 to stockholders of record as of the close of business on Feb. 17, 2015.

“This dividend increase reflects our company’s consistent and ongoing ability to generate strong free cash flow and reinforces our commitment to deliver attractive returns to our shareholders,” said Dave Lumley, chief executive officer of Spectrum Brands Holdings, in a statement.

Spectrum Brands Holdings, a member of the Russell 2000 Index, is a global and diversified consumer products company and a leading supplier of consumer batteries, residential locksets, residential builders’ hardware, faucets, shaving and grooming products, personal care products, small household appliances, specialty pet supplies, lawn and garden and home pest control products, and personal insect repellents.

For more information, visit www.spectrumbrands.com.