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

Crown Crafts, Inc. (NASDAQ:CRWS) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Friday, December 11th will be given a dividend of $0.03 per share by the textile maker on Monday, January 4th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, December 11th.

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

Crown Crafts Stock Down 1.6%

CRWS stock opened at $2.43 on Friday. The company has a 50 day moving average price of $2.50 and a two-hundred day moving average price of $2.77. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.40 and a current ratio of 3.20. The stock has a market capitalization of $26.15 million, a P/E ratio of 5.17 and a beta of 0.68. Crown Crafts has a one year low of $2.30 and a one year high of $3.14.

Crown Crafts (NASDAQ:CRWS) last released its earnings results on Thursday, November 12th. The textile maker reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Crown Crafts had a return on equity of 12.79% and a net margin of 5.99%. The business had revenue of $19.03 million for the quarter, compared to analysts’ expectations of $20.90 million.

Analyst Ratings Changes

CRWS has been the subject of a number of research reports. Wall Street Zen upgraded Crown Crafts to a “strong-buy” rating in a report on Saturday, August 29th. Weiss Ratings upgraded shares of Crown Crafts from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Crown Crafts currently has an average rating of “Hold”.

About Crown Crafts

Crown Crafts, Inc. is a consumer products company that designs, markets and distributes products for infants, toddlers and young children. Its offerings include feeding and care products, bibs, bath accessories, developmental toys, activity products, nursery bedding, blankets and other nursery accessories. The company sells products through mass-market retailers, specialty stores and e-commerce channels. Crown Crafts markets products under proprietary brands such as Neat Solutions and Sassy, as well as through licensed brands and designs.