Lifetime Brands Inc (LCUT) Announces Quarterly Dividend of $0.04
Lifetime Brands (NASDAQ:LCUT) declared a quarterly dividend on Thursday, June 19th, Analyst Ratings Net reports. Investors of record on Friday, August 1st will be given a dividend of 0.0375 per share on Friday, August 15th. This represents a $0.15 dividend on an annualized basis and a yield of 0.94%.
On the ratings front, analysts at Canaccord Genuity cut their price target on shares of Lifetime Brands from $25.00 to $21.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock.
Shares of Lifetime Brands (NASDAQ:LCUT) traded down 1.05% during mid-day trading on Thursday, hitting $16.00. 43,958 shares of the company’s stock traded hands. Lifetime Brands has a 52 week low of $12.90 and a 52 week high of $19.95. The stock’s 50-day moving average is $15.73 and its 200-day moving average is $16.27. The company has a market cap of $215.7 million and a price-to-earnings ratio of 30.51.
Lifetime Brands (NASDAQ:LCUT) last released its earnings data on Thursday, May 1st. The company reported ($0.13) EPS for the quarter. Analysts expect that Lifetime Brands will post $1.30 EPS for the current fiscal year.
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tabletop and other products used in the home.
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