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

Lifetime Brands Inc (NASDAQ:LCUT) announced a quarterly dividend on Monday, June 29th, Wall Street Journal reports. Investors of record on Monday, August 3rd will be given a dividend of 0.0425 per share on Monday, August 17th. This represents a $0.17 annualized dividend and a yield of 2.32%. The ex-dividend date is Friday, July 31st.

Lifetime Brands has decreased its dividend by an average of 32.0% per year over the last three years. Lifetime Brands has a dividend payout ratio of 44.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lifetime Brands to earn $0.70 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 24.3%.

NASDAQ:LCUT opened at $7.32 on Tuesday. The firm has a 50-day moving average of $5.61 and a two-hundred day moving average of $6.00. The company has a debt-to-equity ratio of 2.18, a current ratio of 3.92 and a quick ratio of 2.07. The stock has a market cap of $157.27 million, a P/E ratio of -2.23, a PEG ratio of 1.61 and a beta of 0.98. Lifetime Brands has a 1-year low of $3.26 and a 1-year high of $10.20.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Thursday, May 21st. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.04). Lifetime Brands had a negative net margin of 9.27% and a positive return on equity of 3.15%. The business had revenue of $145.07 million during the quarter, compared to analysts’ expectations of $149.54 million. As a group, equities analysts expect that Lifetime Brands will post 0.35 earnings per share for the current year.

Separately, Zacks Investment Research downgraded shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, June 16th.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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Dividend History for Lifetime Brands (NASDAQ:LCUT)

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