Lifetime Brands, Inc. (LCUT) to Distribute Quarterly Dividend of $0.04 on November 13th

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.0425 per share on Friday, November 13th. This represents a $0.17 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 30th.

Lifetime Brands has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lifetime Brands to earn $1.07 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 15.9%.

Lifetime Brands Price Performance

Lifetime Brands stock opened at $8.40 on Wednesday. The firm has a market capitalization of $193.11 million, a P/E ratio of 5.87 and a beta of 1.01. The stock has a fifty day moving average price of $8.86 and a two-hundred day moving average price of $7.06. Lifetime Brands has a 52-week low of $2.90 and a 52-week high of $10.17.

Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, August 6th. The company reported $1.18 EPS for the quarter, beating the consensus estimate of ($0.21) by $1.39. The firm had revenue of $141.57 million during the quarter, compared to analyst estimates of $136.64 million. On average, equities research analysts predict that Lifetime Brands will post 2.06 EPS for the current fiscal year.

Insider Transactions at Lifetime Brands

In other Lifetime Brands news, Director Jeffrey Siegel sold 11,560 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $9.53, for a total transaction of $110,166.80. Following the sale, the director owned 1,166,337 shares of the company’s stock, valued at $11,115,191.61. This represents a 0.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 22,423 shares of company stock worth $213,176. 44.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lifetime Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Lifetime Brands in the second quarter worth about $8,092,000. Empowered Funds LLC bought a new position in shares of Lifetime Brands in the 2nd quarter valued at about $1,139,000. JB Capital Partners LP acquired a new stake in shares of Lifetime Brands during the 2nd quarter worth approximately $13,820,463. Martin & Co. Inc. TN bought a new stake in shares of Lifetime Brands during the second quarter worth approximately $3,799,000. Finally, Walleye Capital LLC bought a new stake in shares of Lifetime Brands during the second quarter worth approximately $444,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells a broad range of kitchenware, tableware, and home products. Its offerings include cookware, bakeware, cutlery, kitchen tools and gadgets, food storage and pantry products, barware, coffee and tea accessories, and dining and entertaining products.

The company markets products under a portfolio of owned, licensed, and private-label brands, including Farberware, Mikasa, Pfaltzgraff, KitchenAid, Taylor, Rabbit, Chicago Cutlery, Kamenstein, and Towle.