Newell Rubbermaid (NWL) Boosts Qtr. Dividend 50% to 15c; Yields 3%

Newell Rubbermaid (NYSE: NWL) announced a 50 percent quarterly dividend increase from $0.10 to $0.15, effective in the fourth quarter of 2012, bringing the payout ratio to the high end of the targeted range of 30 to 35 percent.

At the current rate, Newell's new dividend will yield 3 percent.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Equifax (EFX) shares tumble on weak Q1 revenue, guidance miss
• Public Service Enterprise (PEG) Declares $0.60 Quarterly Dividend; 3.7% Yield
• BNY Mellon (BK) Declares $0.42 Quarterly Dividend; 3% Yield