Newell Rubbermaid (NWL), the maker of Sharpie pens, Calphalon cookware and Rubbermaid containers, reported better-than-expected third-quarter results and raised its outlook. The quarterly earnings of 38 cents a share beat the Zacks Consensus Estimate of 35 cents and climbed 8.6% from 35 cents reported in the prior-year quarter.  On a reported basis including one-time items, quarterly earnings came in at 28 cents, up 40% from 20 cents reported in the prior-year quarter.  Management now expects fiscal year 2009 earnings in the range of $1.27 to $1.32 per share, as against $1.15 to $1.30 forecasted earlier. For the fourth quarter, earnings are expected between 23 cents and 28 cents a share.  Despite a double-digit fall of 17.7% in revenue to $1,449 million, Newell’s bottom line benefited from the exit of certain line of products, lower cost of products sold and effective cost management. Consequently, Newell’s gross ...

Newell Rubbermaid Inc. (NWL) recently declared a quarterly dividend of 5 cents per share, which translates into an industry-leading yield of 1.5%. The company also recently reported second-quarter earnings per share of 47 cents, beating the Zacks Consensus Estimate by 34%.

Company Description

Newell Rubbermaid manufactures many well-known consumer products under the brands Rubbermaid, Sharpie, Graco, Calphalon, Levolor, Waterman, and Goody, to name just a few. The company is divided into three segments: Home & Family; Office Products; and Tools, Hardware & Commercial Products.

Newell's brands are widespread, with more than 90% of all U.S. households use at least one of the company's products. Newell has sales in more than 90 countries.

Solid Income

The company recently declared a quarterly dividend of 5 cents per share, noting that it is payable September 15 to shareholders of record at the close of business on August 31.

Newell Rubbermaid's dividend yield stands

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Yesterday with the Dow up 500+ points (on the way to a 900+ point gain), I decided that it might be wise to go “all in” with my investments.  That is, after my partial sale of Graham (GHM) at a gain, I had another ‘permission slip’ to be adding a position.  With two positions in my portfolio, my minimum being 5, that meant I could move my holdings up to six positions.

These are different times, and while I chose stocks that are generally “growth stocks” and stocks that were indeed moving higher …