Crown Crafts, Inc. (NASDAQ:CRWS) Plans $0.08 Quarterly Dividend

Crown Crafts, Inc. (NASDAQ:CRWS) announced a quarterly dividend on Tuesday, August 13th, Zacks reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.08 per share by the textile maker on Friday, October 4th. This represents a $0.32 dividend on an annualized basis and a yield of 6.77%. The ex-dividend date of this dividend is Friday, September 13th.

Crown Crafts has raised its dividend payment by an average of 10.1% per year over the last three years.

Crown Crafts Stock Up 0.9 %

CRWS stock opened at $4.73 on Thursday. The business’s 50-day moving average price is $4.83 and its 200-day moving average price is $5.08. The stock has a market cap of $48.77 million, a P/E ratio of 9.65 and a beta of 0.85. Crown Crafts has a twelve month low of $4.11 and a twelve month high of $5.97. The company has a quick ratio of 1.46, a current ratio of 3.89 and a debt-to-equity ratio of 0.03.

Crown Crafts (NASDAQ:CRWS) last posted its quarterly earnings results on Wednesday, August 14th. The textile maker reported ($0.03) earnings per share for the quarter. The firm had revenue of $16.21 million during the quarter. Crown Crafts had a return on equity of 8.30% and a net margin of 4.85%.

Insider Buying and Selling

In other Crown Crafts news, Director Zenon S. Nie acquired 8,085 shares of the stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of $4.60 per share, for a total transaction of $37,191.00. Following the completion of the transaction, the director now directly owns 63,306 shares of the company’s stock, valued at $291,207.60. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Zenon S. Nie acquired 8,085 shares of the business’s stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of $4.60 per share, with a total value of $37,191.00. Following the acquisition, the director now directly owns 63,306 shares in the company, valued at approximately $291,207.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Zenon S. Nie acquired 11,915 shares of Crown Crafts stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $4.74 per share, for a total transaction of $56,477.10. Following the transaction, the director now owns 80,294 shares of the company’s stock, valued at $380,593.56. The disclosure for this purchase can be found here. In the last quarter, insiders bought 30,661 shares of company stock valued at $143,881. Company insiders own 9.90% of the company’s stock.

Crown Crafts Company Profile

Crown Crafts, Inc, through its subsidiaries, operates in the consumer products industry in the United States and internationally. It provides infant, toddler, and juvenile products, including infant and toddler beddings; blankets and swaddle blankets; dolls and plush toys; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats, and floor mats; disposable toilet seat covers and changing mats; developmental toys; feeding and care goods; and other infant, toddler, and juvenile soft goods.