Lifetime Brands, Inc. (NASDAQ:LCUT) to Issue Quarterly Dividend of $0.04

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders of record on Wednesday, November 1st will be given a dividend of 0.0425 per share on Wednesday, November 15th. This represents a $0.17 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, October 31st.

Lifetime Brands (LCUT) traded up 1.20% during midday trading on Friday, hitting $16.80. 35,992 shares of the stock traded hands. Lifetime Brands has a 12-month low of $12.03 and a 12-month high of $21.20. The firm’s 50 day moving average is $18.40 and its 200-day moving average is $18.11. The stock has a market capitalization of $248.61 million, a PE ratio of 13.95 and a beta of 0.98.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.11. Lifetime Brands had a return on equity of 10.27% and a net margin of 2.99%. The company had revenue of $117.40 million during the quarter, compared to the consensus estimate of $121.59 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts anticipate that Lifetime Brands will post $1.32 EPS for the current fiscal year.

LCUT has been the topic of a number of recent analyst reports. BidaskClub upgraded Lifetime Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Sidoti upgraded Lifetime Brands from a “neutral” rating to a “buy” rating in a research report on Friday, May 26th.

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About Lifetime Brands

Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.

Dividend History for Lifetime Brands (NASDAQ:LCUT)

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