Lifetime Brands, Inc. (LCUT) to Issue Quarterly Dividend of $0.04 on May 15th

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Monday, March 9th. Stockholders of record on Friday, May 1st will be paid a dividend of 0.0425 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, May 1st.

Lifetime Brands has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lifetime Brands to earn $0.77 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 22.1%.

Lifetime Brands Stock Up 3.8%

Shares of NASDAQ LCUT opened at $7.32 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 2.85 and a debt-to-equity ratio of 0.89. The firm has a market cap of $167.26 million, a PE ratio of -5.90, a P/E/G ratio of 0.83 and a beta of 0.83. The company’s fifty day simple moving average is $5.13 and its 200 day simple moving average is $4.18. Lifetime Brands has a 12-month low of $2.89 and a 12-month high of $8.20.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, March 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.87. Lifetime Brands had a positive return on equity of 4.66% and a negative net margin of 4.16%.The business had revenue of $204.07 million for the quarter, compared to analyst estimates of $202.09 million. As a group, sell-side analysts forecast that Lifetime Brands will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lifetime Brands

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC increased its position in shares of Lifetime Brands by 7.3% during the 1st quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock valued at $535,000 after purchasing an additional 7,385 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Lifetime Brands during the second quarter valued at about $88,000. Ameriprise Financial Inc. grew its position in Lifetime Brands by 16.8% during the second quarter. Ameriprise Financial Inc. now owns 908,722 shares of the company’s stock valued at $4,634,000 after buying an additional 130,650 shares during the period. Truffle Hound Capital LLC increased its holdings in Lifetime Brands by 12.8% during the third quarter. Truffle Hound Capital LLC now owns 200,000 shares of the company’s stock worth $774,000 after buying an additional 22,679 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in Lifetime Brands in the third quarter worth about $41,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

About Lifetime Brands

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.