Lifetime Brands, Inc. (NASDAQ:LCUT – Get Free Report) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Investors of record on Thursday, August 1st will be given 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 dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Equities 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 1.1 %
Lifetime Brands stock traded down $0.09 during midday trading on Tuesday, hitting $8.38. 3,516 shares of the company were exchanged, compared to its average volume of 85,790. The company’s fifty day moving average price is $9.15 and its 200-day moving average price is $9.37. Lifetime Brands has a fifty-two week low of $4.86 and a fifty-two week high of $11.68. The company has a market cap of $184.95 million, a PE ratio of -31.37, a price-to-earnings-growth ratio of 0.91 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.62 and a quick ratio of 1.07.
Analyst Ratings Changes
Several research firms recently issued reports on LCUT. Canaccord Genuity Group upped their price target on Lifetime Brands from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, May 10th. DA Davidson upped their price target on Lifetime Brands from $11.50 to $13.50 and gave the company a “buy” rating in a research report on Monday, May 13th.
Get Our Latest Stock Report on Lifetime Brands
Lifetime Brands Company Profile
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.
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