Lifetime Brands Inc (NASDAQ:LCUT) announced a quarterly dividend on Monday, June 29th, Wall Street Journal reports. Investors of record on Monday, August 3rd will be given a dividend of 0.0425 per share on Monday, August 17th. This represents a $0.17 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, July 31st.
Lifetime Brands has decreased its dividend payment by an average of 32.0% per year over the last three years. Lifetime Brands has a dividend payout ratio of 44.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Lifetime Brands to earn $0.70 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 24.3%.
Shares of LCUT opened at $6.90 on Wednesday. The firm has a market cap of $148.25 million, a PE ratio of 18.65, a PEG ratio of 1.52 and a beta of 0.98. The firm’s 50 day moving average price is $5.66 and its 200 day moving average price is $6.00. The company has a debt-to-equity ratio of 2.18, a quick ratio of 2.07 and a current ratio of 3.92. Lifetime Brands has a twelve month low of $3.26 and a twelve month high of $10.20.
Separately, Zacks Investment Research lowered shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research report on Tuesday, June 16th.
About Lifetime Brands
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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