Crown Crafts, Inc. Declares Quarterly Dividend of $0.03 (NASDAQ:CRWS)

Crown Crafts, Inc. (NASDAQ:CRWS) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Friday, September 11th will be paid a dividend of 0.03 per share by the textile maker on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 11th.

Crown Crafts has decreased its dividend payment by an average of 0.1%annually over the last three years.

Crown Crafts Stock Performance

NASDAQ CRWS opened at $2.97 on Thursday. The firm’s 50 day simple moving average is $2.91 and its 200 day simple moving average is $2.85. The firm has a market capitalization of $31.96 million, a price-to-earnings ratio of 16.50 and a beta of 0.64. The company has a current ratio of 3.58, a quick ratio of 1.53 and a debt-to-equity ratio of 0.31. Crown Crafts has a 1 year low of $2.35 and a 1 year high of $3.17.

Crown Crafts (NASDAQ:CRWS) last released its earnings results on Wednesday, August 12th. The textile maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.05. The firm had revenue of $16.77 million during the quarter, compared to analysts’ expectations of $20.90 million. Crown Crafts had a return on equity of 4.78% and a net margin of 2.24%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Crown Crafts from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About Crown Crafts

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.