Lifetime Brands, Inc. (NASDAQ:LCUT – Get Free Report) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, October 30th will be given a dividend of $0.0425 per share on Friday, November 13th. This represents a $0.17 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, October 30th.
Lifetime Brands has a payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Performance
NASDAQ LCUT 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. Lifetime Brands has a fifty-two week low of $2.90 and a fifty-two week high of $10.17. The stock has a 50-day simple moving average of $8.86 and a two-hundred day simple moving average of $7.06.
Lifetime Brands (NASDAQ:LCUT – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $1.39. The company had revenue of $141.57 million during the quarter, compared to analyst estimates of $136.64 million. As a group, analysts forecast that Lifetime Brands will post 2.06 earnings per share for the current year.
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.
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