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

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Investors of record on Thursday, May 1st will be paid a dividend of 0.0425 per share on Thursday, May 15th. This represents a $0.17 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, May 1st.

Lifetime Brands has a dividend payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Up 5.0 %

Shares of NASDAQ:LCUT opened at $5.05 on Friday. Lifetime Brands has a 52-week low of $4.70 and a 52-week high of $11.68. The firm has a fifty day moving average of $5.46 and a 200 day moving average of $5.94. The firm has a market capitalization of $111.89 million, a PE ratio of -5.10, a price-to-earnings-growth ratio of 0.48 and a beta of 1.35. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.05. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $215.21 million during the quarter, compared to analyst estimates of $206.60 million. As a group, research analysts anticipate that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on LCUT. DA Davidson lowered shares of Lifetime Brands from a “buy” rating to a “neutral” rating and cut their target price for the stock from $11.50 to $6.75 in a research report on Monday, February 3rd. StockNews.com lowered shares of Lifetime Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

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.