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Article Excerpt

NEWELL BRANDS INC. $20 remains a hold. The consumer products maker (Nasdaq symbol NWL; Conservative-Growth Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 413.6 million; Market cap: $8.3 billion; Dividend yield: 4.6%; Dividend Sustainability Rating: Above Average; last raised its quarterly dividend with the June 2017 payment. The current annual rate of $0.92 a share yields a solid 4.6%. In the quarter ended June 30, 2022, Newell’s sales fell 6.5% to $2.53 billion from $2.71 billion a year earlier. If you factor out the recent sale of its home and security business (which makes smoke and carbon monoxide alarms and fireproof safes), sales improved 1.7%. Earnings also crept up to $0.57 a share from $0.56. However, due to rising costs for plastic resins, labour and transportation, the company cut its earnings forecast for all of 2022 to $1.83 a share from $1.89. The stock trades at 10.9 times its new estimate. Newell is a hold. THOMSON REUTERS CORP. $147 is a buy. The company (Toronto symbol TRI; Conservative Growth…

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