Lifetime Brands, Inc. to Issue Quarterly Dividend of $0.04 (NASDAQ:LCUT)

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Friday, January 31st will be paid a dividend of 0.043 per share on Friday, February 14th. This represents a $0.17 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Friday, January 31st.

Lifetime Brands has a dividend payout ratio of 23.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lifetime Brands to earn $0.74 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 23.0%.

Lifetime Brands Stock Up 2.2 %

NASDAQ LCUT opened at $6.16 on Wednesday. The company has a 50 day moving average price of $5.96 and a two-hundred day moving average price of $6.51. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. Lifetime Brands has a 12-month low of $5.25 and a 12-month high of $11.68.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $183.84 million for the quarter, compared to the consensus estimate of $193.90 million. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. During the same quarter last year, the business earned $0.36 earnings per share. Research analysts predict that Lifetime Brands will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. DA Davidson lowered their target price on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Canaccord Genuity Group decreased their target price on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, StockNews.com upgraded Lifetime Brands from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd.

About Lifetime Brands

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.