Tupperware Brands raises quarterly dividend 72% to 62c from 36c

Tupperware Brands said its board declared a regular quarterly dividend of 62c per share, up 72% from the previous quarterly dividend of 36c per share. It is payable on April 5, to shareholders of record as of March 20. The company also increased its target payout ratio from approximately one-third to 50% of trailing diluted earnings per share, excluding items, and continues to expect that its board will consider increasing the quarterly dividend with its declaration in the first quarter of each year.