Jefferies' Spin-Off Of Spectrum Brand Shares Is A 6.98% Dividend Gift [Seeking Alpha]
Spectrum Brands Holdings, Inc. (SPB)
Last spectrum brands holdings, inc. earnings: 4/30 06:30 am
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Source: Seeking Alpha
Jefferies' Spin-Off Of Spectrum Brand Shares Is A 6.98% Dividend Gift Summary Jefferies announced a spin off of its 7.5414 million shares in Spectrum Brands as a special dividend on the basis of 2.5 Spectrum shares for every 100 shares owned in Jefferies. This is effectively a 6.98% special dividend to Jefferies shareholders as of the Sept. 30, 2019, record date. Sell the Spectrum shares once you get them. Spectrum has very little to recommend itself, including negative free cash flow, although it does pay a dividend, which it cannot afford. Meanwhile, Jefferies still sells at a value of 0.86x of its tangible book value. I previously wrote up the stock and feel the company's shareholder value focus is proved by this spin off. Jefferies Spin Off of Spectrum Brand Shares Details Today Jefferies Financial Group JEF announced a special dividend SPB What To Do With Your SPB Shares I would SPB has been struggling. It had negative income from continuing operations for the nine months en
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- Spectrum Brands Holdings, Inc. (NYSE: SPB) had its price target raised by analysts at Canaccord Genuity Group Inc. from $91.00 to $94.00. They now have a "hold" rating on the stock.MarketBeat
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- Company News for Nov 18, 2024 [Yahoo! Finance]Yahoo! Finance
SPB
Earnings
- 11/15/24 - Miss
SPB
Analyst Actions
- 11/18/24 - Canaccord Genuity
SPB
Sec Filings
- 12/10/24 - Form 4
- 12/10/24 - Form 4
- 12/10/24 - Form 4
- SPB's page on the SEC website