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

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders of record on Thursday, August 1st will be paid a dividend of 0.043 per share on Thursday, August 15th. This represents a $0.17 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 1st.

Lifetime Brands has a payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lifetime Brands to earn $1.12 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 15.2%.

Lifetime Brands Stock Down 1.2 %

LCUT stock traded down $0.10 during midday trading on Tuesday, hitting $8.37. The company’s stock had a trading volume of 5,194 shares, compared to its average volume of 85,790. The company has a market cap of $184.73 million, a PE ratio of -31.37, a P/E/G ratio of 0.91 and a beta of 1.29. The firm’s 50-day moving average is $9.15 and its 200-day moving average is $9.37. Lifetime Brands has a 12 month low of $4.86 and a 12 month high of $11.68. The company has a current ratio of 2.62, a quick ratio of 1.07 and a debt-to-equity ratio of 0.77.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, May 9th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The company had revenue of $142.24 million during the quarter, compared to the consensus estimate of $149.74 million. Lifetime Brands had a positive return on equity of 4.63% and a negative net margin of 0.86%. During the same period last year, the firm posted ($0.12) EPS. On average, equities research analysts forecast that Lifetime Brands will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LCUT shares. Canaccord Genuity Group increased their price objective on shares of Lifetime Brands from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. DA Davidson lifted their price target on shares of Lifetime Brands from $11.50 to $13.50 and gave the stock a “buy” rating in a research note on Monday, May 13th.

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.