Lifetime Brands, Inc. (NASDAQ:LCUT – Get Free Report) declared a quarterly dividend on Friday, March 8th, Zacks reports. Shareholders 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 is Tuesday, April 30th.
Lifetime Brands has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. 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 %
NASDAQ:LCUT opened at $9.59 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.24 and a current ratio of 2.48. The company’s 50-day moving average is $9.88 and its two-hundred day moving average is $7.82. Lifetime Brands has a 12-month low of $4.31 and a 12-month high of $11.08.
Analyst Upgrades and Downgrades
LCUT has been the subject of a number of research analyst reports. TheStreet raised shares of Lifetime Brands from a “d+” rating to a “c-” rating in a research note on Monday, March 11th. DA Davidson upped their price objective on shares of Lifetime Brands from $9.50 to $11.50 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, Canaccord Genuity Group upped their price objective on shares of Lifetime Brands from $8.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th.
Read Our Latest Report on Lifetime Brands
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.
Featured Stories
- Five stocks we like better than Lifetime Brands
- How to Use the MarketBeat Dividend Calculator
- MarketBeat Week in Review – 4/22 – 4/26
- 5 Top Rated Dividend Stocks to Consider
- 3 Stocks Leading the U.S. Agriculture Comeback
- Low PE Growth Stocks: Unlocking Investment Opportunities
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Lifetime Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifetime Brands and related companies with MarketBeat.com's FREE daily email newsletter.