Lifetime Brands, Inc. (LCUT) To Go Ex-Dividend on January 30th

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Tuesday, November 4th. Shareholders of record on Friday, January 30th will be given a dividend of 0.0425 per share on Friday, February 13th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, January 30th.

Lifetime Brands has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 3.6%

LCUT opened at $3.75 on Wednesday. Lifetime Brands has a 12 month low of $2.89 and a 12 month high of $6.82. The company has a current ratio of 2.71, a quick ratio of 1.11 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $3.94 and its 200-day moving average price is $3.89. The company has a market cap of $84.98 million, a P/E ratio of -2.26, a P/E/G ratio of 0.62 and a beta of 1.31.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Lifetime Brands had a negative return on equity of 0.85% and a negative net margin of 5.49%.The business had revenue of $171.91 million for the quarter, compared to analysts’ expectations of $178.76 million. On average, equities analysts expect that Lifetime Brands will post 0.55 EPS for the current year.

Lifetime Brands Company Profile

Lifetime Brands, Inc, through its subsidiaries, designs, sources, manufactures and distributes a broad portfolio of consumer products for the home. Headquartered in Garden City, New York, the company operates three primary business segments—Kitchenware, Tabletop & Home Décor and Tools & Storage—providing solutions for food preparation, cooking, serving and storage under both proprietary and licensed brand names.

In the Kitchenware segment, Lifetime Brands offers cookware, bakeware, cutlery and small electric appliances under brands such as Farberware and Chef’sChoice.