LifeVantage Co. (NASDAQ:LFVN) Announces $0.04 Quarterly Dividend

LifeVantage Co. (NASDAQ:LFVN) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.04 per share on Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.70%.

LifeVantage has a payout ratio of 15.4% indicating that its dividend is sufficiently covered by earnings.

LifeVantage Stock Performance

Shares of LifeVantage stock traded down $1.00 on Wednesday, reaching $22.74. The company had a trading volume of 486,894 shares, compared to its average volume of 270,076. The firm’s 50 day moving average price is $18.97 and its two-hundred day moving average price is $13.59. LifeVantage has a 52-week low of $5.22 and a 52-week high of $27.38. The firm has a market cap of $284.70 million, a PE ratio of 71.06 and a beta of 0.84.

LifeVantage (NASDAQ:LFVN) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. LifeVantage had a return on equity of 29.24% and a net margin of 2.11%.

Analysts Set New Price Targets

LFVN has been the subject of several research reports. Craig Hallum began coverage on LifeVantage in a research report on Tuesday, January 14th. They issued a “buy” rating and a $35.00 target price for the company. Lake Street Capital started coverage on shares of LifeVantage in a report on Thursday, December 19th. They issued a “buy” rating and a $26.00 price objective for the company.

About LifeVantage

LifeVantage Corporation engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products. It offers Protandim, a dietary supplement; LifeVantage Omega+, a dietary supplement that combines DHA and EPA Omega-3 fatty acids, Omega-7 fatty acids, and vitamin D3; LifeVantage ProBio, a dietary supplement to support gut health; PhysIQ, a weight management system; LifeVantage IC Bright, a supplement to support eye and brain health, reduce eye fatigue and strain, supports cognitive functions, and support normal sleep patterns; Petandim for Dogs, a supplement to combat oxidative stress in dogs; and Axio, a nootropic energy drink mix.