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

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Friday, March 8th, Zacks reports. Shareholders of record on Wednesday, May 1st will be paid a dividend of 0.043 per share on Wednesday, May 15th. This represents a $0.17 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, April 30th.

Lifetime Brands has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lifetime Brands to earn $1.14 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 14.9%.

Lifetime Brands Price Performance

Shares of NASDAQ LCUT opened at $9.59 on Friday. The stock’s 50-day moving average is $9.88 and its two-hundred day moving average is $7.82. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.48 and a quick ratio of 1.24. Lifetime Brands has a 1-year low of $4.31 and a 1-year high of $11.08. The company has a market cap of $209.16 million, a price-to-earnings ratio of -24.59, a price-to-earnings-growth ratio of 0.95 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). Lifetime Brands had a positive return on equity of 4.84% and a negative net margin of 1.23%. The company had revenue of $203.14 million for the quarter, compared to analysts’ expectations of $196.48 million. Analysts forecast that Lifetime Brands will post 0.72 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on LCUT. TheStreet upgraded Lifetime Brands from a “d+” rating to a “c-” rating in a report on Monday, March 11th. DA Davidson increased their price objective on Lifetime Brands from $9.50 to $11.50 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Canaccord Genuity Group increased their price objective on Lifetime Brands from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 13th.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.