Lifetime Brands, Inc. (NASDAQ:LCUT – Get Free Report) declared a quarterly dividend on Friday, March 8th, Zacks reports. Investors of record on Wednesday, May 1st will be given a dividend of 0.043 per share on Wednesday, May 15th. This represents a $0.17 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Tuesday, April 30th.
Lifetime Brands has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lifetime Brands to earn $1.14 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 14.9%.
Lifetime Brands Stock Down 0.2 %
Lifetime Brands stock opened at $9.59 on Monday. The company has a current ratio of 2.48, a quick ratio of 1.24 and a debt-to-equity ratio of 0.85. Lifetime Brands has a 1-year low of $4.31 and a 1-year high of $11.08. The firm has a 50-day moving average of $9.88 and a 200-day moving average of $7.84.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. TheStreet raised shares of Lifetime Brands from a “d+” rating to a “c-” rating in a research report on Monday, March 11th. DA Davidson raised their price target on shares of Lifetime Brands from $9.50 to $11.50 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, Canaccord Genuity Group raised their price target on shares of Lifetime Brands from $8.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th.
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.
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