Lifetime Brands, Inc. (NASDAQ:LCUT) Shareholders to Receive $0.04 Quarterly Dividend

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, January 29th will be paid a dividend of $0.0425 per share on Friday, February 12th. This represents a $0.17 annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, January 29th.

Lifetime Brands has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lifetime Brands to earn $1.07 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 15.9%.

Lifetime Brands Stock Down 12.6%

Shares of LCUT stock traded down $1.12 during mid-day trading on Thursday, reaching $7.77. 274,373 shares of the company’s stock traded hands, compared to its average volume of 180,738. The company’s 50-day moving average price is $8.75 and its 200-day moving average price is $7.20. The company has a market cap of $178.63 million, a P/E ratio of 5.43, a P/E/G ratio of 0.29 and a beta of 1.08. Lifetime Brands has a 12 month low of $2.90 and a 12 month high of $10.17. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51.

Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, November 5th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.21 by $0.16. The business had revenue of $177.68 million for the quarter, compared to the consensus estimate of $173.96 million. Lifetime Brands had a return on equity of 26.39% and a net margin of 4.81%. On average, equities analysts expect that Lifetime Brands will post 2.06 earnings per share for the current fiscal year.

About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells a broad range of kitchenware, tableware, and home products. Its offerings include cookware, bakeware, cutlery, kitchen tools and gadgets, food storage and pantry products, barware, coffee and tea accessories, and dining and entertaining products.

The company markets products under a portfolio of owned, licensed, and private-label brands, including Farberware, Mikasa, Pfaltzgraff, KitchenAid, Taylor, Rabbit, Chicago Cutlery, Kamenstein, and Towle.