Lifetime Brands, Inc. (LCUT) To Go Ex-Dividend on July 31st

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Thursday, June 18th. Stockholders of record on Friday, July 31st will be paid a dividend of 0.0425 per share on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, July 31st.

Lifetime Brands has a dividend payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 1.1%

Lifetime Brands stock opened at $8.73 on Wednesday. The business’s 50-day moving average price is $8.62 and its 200 day moving average price is $6.21. The company has a quick ratio of 1.26, a current ratio of 2.93 and a debt-to-equity ratio of 0.82. The firm has a market cap of $199.52 million, a price-to-earnings ratio of -6.87, a price-to-earnings-growth ratio of 0.86 and a beta of 1.00. Lifetime Brands has a 52 week low of $2.90 and a 52 week high of $9.80.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. Lifetime Brands had a positive return on equity of 8.01% and a negative net margin of 4.22%.The company had revenue of $143.51 million during the quarter, compared to the consensus estimate of $137.58 million. As a group, sell-side analysts anticipate that Lifetime Brands will post 0.73 earnings per share for the current year.

About Lifetime Brands

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.