Lifevantage Corporation (NASDAQ:LFVN) Announces Quarterly Dividend of $0.05

Lifevantage Corporation (NASDAQ:LFVN) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.05 per share on Tuesday, December 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, December 1st.

Lifevantage has a dividend payout ratio of 18.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lifevantage to earn $0.53 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 37.7%.

Lifevantage Price Performance

Lifevantage stock opened at $5.29 on Tuesday. Lifevantage has a 12-month low of $3.90 and a 12-month high of $11.71. The stock has a market capitalization of $66.60 million, a PE ratio of 10.66 and a beta of 0.71. The firm has a 50 day simple moving average of $6.04 and a 200-day simple moving average of $5.88.

Lifevantage (NASDAQ:LFVN) last announced its earnings results on Monday, November 9th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01). Lifevantage had a return on equity of 21.56% and a net margin of 2.78%. The firm had revenue of $37.12 million for the quarter, compared to the consensus estimate of $40.49 million. On average, analysts forecast that Lifevantage will post 0.39 earnings per share for the current fiscal year.

Insider Activity at Lifevantage

In other news, insider Kristen Cunningham sold 8,901 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $6.18, for a total value of $55,008.18. Following the completion of the sale, the insider owned 120,162 shares in the company, valued at $742,601.16. This represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Engineers Gate Manager LP lifted its stake in Lifevantage by 109.7% in the 2nd quarter. Engineers Gate Manager LP now owns 27,009 shares of the company’s stock worth $169,000 after acquiring an additional 14,131 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Lifevantage during the 2nd quarter worth about $78,000. Bank of America Corp DE grew its stake in Lifevantage by 24.3% during the 1st quarter. Bank of America Corp DE now owns 23,445 shares of the company’s stock valued at $101,000 after acquiring an additional 4,586 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Lifevantage during the 1st quarter valued at about $51,000. 35.32% of the stock is owned by institutional investors and hedge funds.

About Lifevantage

LifeVantage Corporation is a health and wellness company that develops, markets and distributes dietary supplements and personal-care products. Its product portfolio is designed to support areas such as cellular health, antioxidant defenses, energy, nutrition and skin care.

The company’s principal brands have included Protandim, a line of dietary supplements; TrueScience, a skin-care and wellness brand; and Petandim, products formulated for pets. LifeVantage primarily uses a direct-selling business model, distributing its products through independent sales representatives and online channels.

Founded in 2003 and headquartered in Lehi, Utah, LifeVantage serves customers in the United States and selected international markets.