Tupperware Q4 Sales and Dividend Rise

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Tupperware's (NYSE: TUP  ) just-released Q4 and 2012 results revealed that the company's net profit came in at $74.5 million ($1.34 per diluted share), against the nearly $87 million ($1.50 diluted EPS) it posted the same quarter the year before. Sales amounted to $711 million, compared to Q4 2011's $676 million.

For the full year, net income was $193 million ($3.42 diluted EPS), a 12% year-over-year decline. Sales were $2.6 billion.

Although profit in both instances was lower on an annual basis, the company announced a sharp increase in its dividend. It will pay $0.62 per share April 5 to shareholders of record as of March 20. That amount is a 72% increase over the previous payout of $0.36.

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Related Tickers

9/26/2016 2:50 PM
TUP $63.44 Down -0.87 -1.35%
Tupperware Brands CAPS Rating: ****