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

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Friday, March 8th, Zacks reports. Shareholders of record on Wednesday, May 1st will be given 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 dividend 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 LCUT stock opened at $9.59 on Monday. The firm’s 50 day moving average price is $9.88 and its 200-day moving average price is $7.84. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.24 and a current ratio of 2.48. Lifetime Brands has a one year low of $4.31 and a one year high of $11.08.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Tuesday, March 12th. The company reported $0.29 EPS 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 during the quarter, compared to analyst estimates of $196.48 million. On average, research analysts forecast that Lifetime Brands will post 0.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

LCUT has been the topic of several recent research reports. DA Davidson upped their target price on shares of Lifetime Brands from $9.50 to $11.50 and gave the stock a “buy” rating in a research note on Monday, March 25th. TheStreet raised shares of Lifetime Brands from a “d+” rating to a “c-” rating in a research report on Monday, March 11th. Finally, Canaccord Genuity Group increased their price objective on shares of Lifetime Brands from $8.00 to $11.00 and gave the company a “buy” rating in a research 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.