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

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, October 30th will be given a dividend of $0.0425 per share on Friday, November 13th. This represents a $0.17 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, October 30th.

Lifetime Brands has a payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lifetime Brands to earn $1.07 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 15.9%.

Lifetime Brands Price Performance

Shares of NASDAQ:LCUT opened at $8.40 on Wednesday. The company has a market cap of $193.11 million, a price-to-earnings ratio of 5.87 and a beta of 1.01. The firm has a 50 day simple moving average of $8.86 and a 200 day simple moving average of $7.06. Lifetime Brands has a one year low of $2.90 and a one year high of $10.17.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, August 6th. The company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $1.39. The company had revenue of $141.57 million for the quarter, compared to the consensus estimate of $136.64 million. As a group, analysts expect that Lifetime Brands will post 2.06 EPS for the current year.

Insider Activity at Lifetime Brands

In other news, Director Jeffrey Siegel sold 11,560 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $9.53, for a total value of $110,166.80. Following the transaction, the director owned 1,166,337 shares in the company, valued at $11,115,191.61. The trade was a 0.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have sold 22,423 shares of company stock worth $213,176. 44.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Lifetime Brands

Several large investors have recently made changes to their positions in the business. NewEdge Advisors LLC bought a new stake in Lifetime Brands in the second quarter worth about $220,000. Squarepoint Ops LLC purchased a new position in shares of Lifetime Brands during the 2nd quarter valued at $123,000. AXQ Capital LP bought a new stake in shares of Lifetime Brands during the 2nd quarter valued at about $93,000. Hsbc Holdings PLC raised its position in Lifetime Brands by 6.2% during the second quarter. Hsbc Holdings PLC now owns 21,099 shares of the company’s stock valued at $190,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in Lifetime Brands in the second quarter worth $1,139,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells a broad range of kitchenware, tableware, and home products. Its offerings include cookware, bakeware, cutlery, kitchen tools and gadgets, food storage and pantry products, barware, coffee and tea accessories, and dining and entertaining products.

The company markets products under a portfolio of owned, licensed, and private-label brands, including Farberware, Mikasa, Pfaltzgraff, KitchenAid, Taylor, Rabbit, Chicago Cutlery, Kamenstein, and Towle.