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

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Tuesday, November 4th. Shareholders of record on Friday, January 30th will be paid a dividend of 0.0425 per share on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Friday, January 30th.

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 $0.74 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 23.0%.

Lifetime Brands Stock Performance

LCUT stock traded down $0.03 during midday trading on Thursday, reaching $3.05. The company had a trading volume of 28,913 shares, compared to its average volume of 60,896. The company has a quick ratio of 0.94, a current ratio of 2.65 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average price of $3.73 and a 200 day moving average price of $3.88. The firm has a market capitalization of $68.36 million, a PE ratio of -1.92 and a beta of 1.53. Lifetime Brands has a fifty-two week low of $2.89 and a fifty-two week high of $7.05.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $171.91 million during the quarter, compared to the consensus estimate of $178.76 million. Lifetime Brands had a positive return on equity of 0.12% and a negative net margin of 5.16%. Analysts anticipate that Lifetime Brands will post 0.55 earnings per share for the current year.

Institutional Trading of Lifetime Brands

Large investors have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in Lifetime Brands in the first quarter worth approximately $82,000. Qube Research & Technologies Ltd bought a new stake in shares of Lifetime Brands during the 2nd quarter worth $88,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Lifetime Brands during the 2nd quarter worth $212,000. SageView Advisory Group LLC grew its holdings in shares of Lifetime Brands by 60.4% in the 1st quarter. SageView Advisory Group LLC now owns 55,546 shares of the company’s stock worth $274,000 after acquiring an additional 20,906 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Lifetime Brands by 7.3% during the first quarter. Empowered Funds LLC now owns 108,458 shares of the company’s stock worth $535,000 after purchasing an additional 7,385 shares during the period. 40.62% of the stock is currently owned by institutional investors.

About Lifetime Brands

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.