Lifevantage Corporation (LFVN) to Distribute Quarterly Dividend of $0.05 on September 15th

Lifevantage Corporation (NASDAQ:LFVN) declared a quarterly dividend on Friday, August 21st. Investors of record on Tuesday, September 1st will be given a dividend of 0.05 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 1st.

Lifevantage has a payout ratio of 18.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lifevantage to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 30.8%.

Lifevantage Stock Up 0.6%

Shares of LFVN stock opened at $6.69 on Friday. The stock’s 50-day moving average price is $6.39 and its 200 day moving average price is $5.79. The stock has a market capitalization of $84.40 million, a PE ratio of 14.87 and a beta of 0.72. Lifevantage has a 52-week low of $3.90 and a 52-week high of $14.28.

Wall Street Analysts Forecast Growth

LFVN has been the subject of several analyst reports. Lake Street Capital cut Lifevantage from a “buy” rating to a “hold” rating and set a $5.00 price target for the company. in a research note on Thursday, May 7th. Weiss Ratings upgraded shares of Lifevantage from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Lifevantage Company Profile

LifeVantage Corporation is a publicly traded company that develops, markets and distributes nutritional supplements, skincare products and weight-management solutions through a direct-selling business model. The company’s flagship offering, Protandim®, is formulated to activate the Nrf2 pathway, which is associated with cellular defense processes. LifeVantage also markets the PhysIQ® line for metabolism and body composition support and the TrueScience® skincare regimen, targeting a range of health and wellness needs.

Founded in 1999 and headquartered in Sandy, Utah, LifeVantage combines research in nutrigenomics with a network of independent distributors to bring its products to market.