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

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.043 per share on Friday, February 14th. This represents a $0.17 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Friday, January 31st.

Lifetime Brands has a dividend payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

NASDAQ:LCUT traded down $0.35 during trading hours on Friday, reaching $6.02. 82,910 shares of the company traded hands, compared to its average volume of 65,661. The firm’s 50-day moving average is $6.31 and its 200-day moving average is $8.00. The stock has a market cap of $133.40 million, a P/E ratio of -7.43, a P/E/G ratio of 0.67 and a beta of 1.26. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.35 and a quick ratio of 0.92. Lifetime Brands has a 1-year low of $5.25 and a 1-year high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $141.67 million for the quarter, compared to analyst estimates of $41.90 million. Lifetime Brands had a negative net margin of 2.58% and a positive return on equity of 4.51%. During the same quarter last year, the company posted ($0.02) EPS. Equities research analysts expect that Lifetime Brands will post 0.7 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LCUT has been the topic of a number of analyst reports. StockNews.com upgraded Lifetime Brands from a “hold” rating to a “buy” rating in a report on Saturday. Canaccord Genuity Group decreased their price objective on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, DA Davidson raised their price objective on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a report on Monday, August 12th.

Lifetime Brands Company Profile

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.