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

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Shareholders of record on Thursday, May 1st will be paid a dividend of 0.0425 per share on Thursday, May 15th. This represents a $0.17 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, May 1st.

Lifetime Brands has a dividend payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lifetime Brands to earn $0.74 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 23.0%.

Lifetime Brands Trading Up 5.0 %

Shares of LCUT stock opened at $5.05 on Friday. The company’s fifty day simple moving average is $5.46 and its two-hundred day simple moving average is $5.94. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. Lifetime Brands has a 1 year low of $4.70 and a 1 year high of $11.68. The stock has a market capitalization of $111.89 million, a price-to-earnings ratio of -5.10, a PEG ratio of 0.48 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The business had revenue of $215.21 million for the quarter, compared to analysts’ expectations of $206.60 million. As a group, analysts anticipate that Lifetime Brands will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Lifetime Brands from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. DA Davidson cut shares of Lifetime Brands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $11.50 to $6.75 in a report on Monday, February 3rd.

About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.