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

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Monday, June 22nd. Investors of record on Friday, July 31st will be paid a dividend of 0.0425 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, July 31st.

Lifetime Brands has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lifetime Brands to earn $1.00 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 17.0%.

Lifetime Brands Trading Down 3.0%

Shares of LCUT stock opened at $8.19 on Tuesday. Lifetime Brands has a 12-month low of $2.90 and a 12-month high of $9.80. The company has a market capitalization of $187.14 million, a P/E ratio of -6.45, a P/E/G ratio of 0.83 and a beta of 0.99. The firm has a 50-day moving average price of $7.89 and a 200 day moving average price of $5.40. The company has a quick ratio of 1.26, a current ratio of 2.93 and a debt-to-equity ratio of 0.82.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.22. The firm had revenue of $143.51 million for the quarter, compared to analyst estimates of $137.58 million. Lifetime Brands had a negative net margin of 4.22% and a positive return on equity of 8.01%. Research analysts forecast that Lifetime Brands will post 0.73 earnings per share for the current fiscal year.

Lifetime Brands Company Profile

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.