Lifetime Brands, Inc. (NASDAQ:LCUT) Declares $0.04 Quarterly Dividend

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Monday, June 22nd. Investors of record on Friday, July 31st will be paid a dividend of 0.0425 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, July 31st.

Lifetime Brands has a dividend payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lifetime Brands to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 17.0%.

Lifetime Brands Stock Performance

Shares of LCUT opened at $8.19 on Tuesday. The stock has a market capitalization of $187.14 million, a PE ratio of -6.45, a price-to-earnings-growth ratio of 0.83 and a beta of 0.99. The business’s fifty day moving average price is $7.89 and its 200 day moving average price is $5.40. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.93 and a quick ratio of 1.26. Lifetime Brands has a 12-month low of $2.90 and a 12-month high of $9.80.

Lifetime Brands (NASDAQ:LCUT) last released its earnings results on Thursday, May 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.22. The firm had revenue of $143.51 million during the quarter, compared to analyst estimates of $137.58 million. Lifetime Brands had a negative net margin of 4.22% and a positive return on equity of 8.01%. Equities research analysts forecast that Lifetime Brands will post 0.73 EPS for the current year.

Lifetime Brands Company Profile

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.