HOBOKEN, N.J.--(BUSINESS WIRE)--Newell Brands Inc. (NYSE: NWL) announced today the declaration of a quarterly cash dividend of $0.23 per share. The dividend is payable September 14, 2018 to common stockholders of record at the close of business on August 31, 2018.

The company also announced that it has signed a definitive agreement to sell Goody Products, Inc., a leading manufacturer of hair styling tools and accessories, to a fund managed by ACON Investments, L.L.C., a private equity investment firm based in Washington, D.C. Terms were not disclosed. Goody’s 2017 net sales were approximately $115 million.

The transaction is expected to close within approximately 30 days, subject to customary closing conditions, including regulatory approval. Baird acted as financial advisor to Newell Brands on the Goody transaction.

About Newell Brands

Newell Brands (NYSE: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Paper Mate®, Sharpie®, Dymo®, EXPO®, Parker®, Elmer’s®, Coleman®, Jostens®, Marmot®, Oster®, Sunbeam®, FoodSaver®, Mr. Coffee®, Rubbermaid Commercial Products®, Graco®, Baby Jogger®, NUK®, Calphalon®, Rubbermaid®, Contigo®, First Alert®, and Yankee Candle®. For hundreds of millions of consumers, Newell Brands makes life better every day, where they live, learn, work and play.

About ACON Investments

ACON Investments, L.L.C. is a Washington, DC-based international private equity investment firm that manages private equity funds and special purpose partnerships that make investments in the United States and Latin America. Founded in 1996, ACON has responsibility for managing approximately $5.3 billion of capital. ACON has professionals in Washington, DC, Los Angeles, São Paulo, Bogotá and Mexico City. For more information, visit www.aconinvestments.com.