Crown Crafts, Inc. (CRWS) to Issue Quarterly Dividend of $0.08 on April 3rd

Crown Crafts, Inc. (NASDAQ:CRWS) declared a quarterly dividend on Monday, February 9th. Investors of record on Friday, March 13th will be given a dividend of 0.08 per share by the textile maker on Friday, April 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, March 13th.

Crown Crafts has decreased its dividend by an average of 0.1%annually over the last three years.

Crown Crafts Stock Performance

Shares of NASDAQ CRWS opened at $2.88 on Wednesday. The firm has a 50 day moving average of $2.92 and a 200 day moving average of $2.86. The company has a current ratio of 3.43, a quick ratio of 1.47 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $30.82 million, a price-to-earnings ratio of -3.24 and a beta of 0.60. Crown Crafts has a 12-month low of $2.35 and a 12-month high of $3.99.

Crown Crafts (NASDAQ:CRWS) last released its quarterly earnings results on Wednesday, February 11th. The textile maker reported $0.14 earnings per share for the quarter. Crown Crafts had a negative net margin of 11.10% and a positive return on equity of 2.93%. The business had revenue of $20.72 million for the quarter.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRWS. Empowered Funds LLC grew its holdings in Crown Crafts by 7.8% during the 4th quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock valued at $156,000 after buying an additional 4,078 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Crown Crafts in the fourth quarter worth $32,000. Mariner LLC bought a new position in shares of Crown Crafts during the fourth quarter worth $28,000. LPL Financial LLC bought a new position in shares of Crown Crafts during the fourth quarter worth $477,000. Finally, Geode Capital Management LLC grew its stake in Crown Crafts by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 106,739 shares of the textile maker’s stock valued at $296,000 after acquiring an additional 5,717 shares in the last quarter. 30.23% of the stock is owned by hedge funds and other institutional investors.

About Crown Crafts

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.