Newell Brands (NWL) will raise its quarterly dividend to $0.23 per share.

The dividend is payable June 15, 2017 to common stockholders of record at the close of business on May 31, 2017. It's the first dividend increase since 2015 for the company formerly known as Newell Rubbermaid. Last year Newell completed the acquisition of Jarden Corp.

Newell Brands Inc. is a marketer of consumer and commercial products. The Company's segments include Writing, Home Solutions, Commercial Products, Baby & Parenting, Branded Consumables, Consumer Solutions, Outdoor Solutions and Process Solutions. Its brands include Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Rawlings, Mr. Coffee, Rubbermaid, Graco, Baby Jogger, NUK, Calphalon, Contigo, First Alert, Waddington and Yankee Candle.