Spectrum Brands Holdings SPB HPC — Preferred stock, dividend rate
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Where this comes from
Reported directly by Spectrum Brands Holdings in its filing.
Tagged under the XBRL concept us-gaap:PreferredStockDividendRatePercentage.
The source filing: Spectrum Brands Holdings’s 10-Q, filed August 7, 2026.
- Filed
- Aug 7, 2026, 10:02 AM EDT
- Fiscal quarter
- Q4 FY2026
- Calendar quarter
- Q3 2026
- Accession
- 0000109177-26-000040
The Company recognized $56.5 million as redeemable noncontrolling interest, net related transaction costs of $4.6 million, upon close of the initial issuance of HPC Preferred Equity. Cumulative dividends on the HPC Preferred Equity accrete at 8.0% per annum, compounded quarterly. Income and losses are allocated to Redeemable Noncontrolling Interest in accordance with the terms of the liquidation waterfall which represents the higher of (i) the 8.0% dividend accretion and (ii) the allocation of comprehensive income reflective on an as-converted basis. After this allocation, if the book value of Redeemable Noncontrolling Interest is less than the redemption value, the Company will further accrete the book value of the Redeemable Noncontrolling Interest in accordance with the subsequent measurement guidance for mezzanine equity. The following is a rollforward of Redeemable Noncontrolling Interest for the three and nine month periods ended June 28, 2026.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Spectrum Brands Holdings's HPC — preferred stock, dividend rate?
- Spectrum Brands Holdings (SPB) reported HPC — preferred stock, dividend rate of 8% in Q2 2026.
- What does HPC — preferred stock, dividend rate mean?
- The annual percentage rate paid on preferred equity instruments specifically allocated to the Home and Personal Care segment's capital structure. This reflects the cost of capital associated with preferred shareholders' claims on segment earnings. Monitoring this rate helps investors assess the fixed-cost burden placed on the segment's profitability.
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