Newell Rubbermaid ups dividend; sets staff cut

Newell Rubbermaid's NWL -0.84% third-quarter earnings drew praise on Friday from analyst SunTrust Robinson Humphrey analyst William Chappell, who said the company's results were "solid." The Atlanta-based maker of kitchen products and Sharpie markers hiked its quarterly dividend by 50% to 15 cents a share from 10 cents a share. While the move was expected, it came a quarter or two ahead of expectations, Chappell said. Newell Rubbermaid said it'll generate an additional $180 million to $225 million in cost savings by 2015. Newell Rubbermaid said it expects a 10% reduction in its global work force, or about 2,000 jobs, over the next two and a half years

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