Cricut, Inc. (NASDAQ:CRCT) Declares Dividend of $0.10

Cricut, Inc. (NASDAQ:CRCT) announced a dividend on Tuesday, November 4th. Shareholders of record on Tuesday, January 6th will be paid a dividend of 0.10 per share on Tuesday, January 20th. This represents a yield of 399.0%. The ex-dividend date of this dividend is Tuesday, January 6th.

Cricut has a dividend payout ratio of 87.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Cricut to earn $0.30 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 66.7%.

Cricut Stock Performance

NASDAQ CRCT traded down $0.13 on Wednesday, reaching $4.88. 494,059 shares of the stock traded hands, compared to its average volume of 532,476. The company has a fifty day moving average price of $5.85 and a 200-day moving average price of $5.83. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 14.88 and a beta of 0.17. Cricut has a 12 month low of $3.94 and a 12 month high of $7.33.

Cricut (NASDAQ:CRCT) last issued its earnings results on Tuesday, November 4th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $170.40 million during the quarter, compared to analyst estimates of $156.93 million. Cricut had a return on equity of 16.49% and a net margin of 10.09%. As a group, research analysts anticipate that Cricut will post 0.28 earnings per share for the current fiscal year.

Cricut Company Profile

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.