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

Key Points

• Lifetime Brands, Inc. declared a quarterly dividend of $0.04, with the ex-dividend date set for October 31st and a payment date of November 14th, resulting in an annualized yield of 4.3%.
• The company reported a loss of ($0.50) EPS for the latest quarter, missing analyst expectations, with revenues of $131.86 million, below the consensus estimate of $138.25 million.
• Lifetime Brands has a payout ratio of 34.7%, indicating that its dividend is well-supported by earnings, and is projected to maintain a lower future payout ratio of 23.0% based on anticipated earnings of $0.74 per share next year.

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Friday, October 31st will be given a dividend of 0.0425 per share on Friday, November 14th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, October 31st.

Lifetime Brands has a dividend payout ratio of 34.7% meaning 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 7.6%

LCUT stock traded up $0.28 during midday trading on Tuesday, hitting $3.93. The company's stock had a trading volume of 6,384 shares, compared to its average volume of 71,287. The company has a market cap of $87.98 million, a PE ratio of -2.47, a P/E/G ratio of 2.03 and a beta of 1.63. Lifetime Brands has a 12 month low of $2.89 and a 12 month high of $7.72. The company has a current ratio of 2.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.89. The firm's 50-day moving average is $4.34 and its 200-day moving average is $4.42.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.33). The business had revenue of $131.86 million during the quarter, compared to the consensus estimate of $138.25 million. Lifetime Brands had a negative net margin of 5.16% and a positive return on equity of 0.12%. On average, equities research analysts forecast that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

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.