Newell Brands (NWL) Dividend Payments Boost Stock Price Ahead of Q2 Earnings

Newell Brands Inc. (NWL) rallied for a fifth consecutive day, gaining 7.51% to close at $5.87, ahead of its quarterly dividend payout of 7 cents per share. The company reported a 2.2% increase in net income to $46 million in Q2, despite a 4.8% decline in revenues to $1.935 billion. Newell Brands now expects net sales to decline by 2-3%, up from the previous 2-4% forecast.