Crown Crafts, Inc. (NASDAQ:CRWS) announced a quarterly dividend on Friday, November 9th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.08 per share by the textile maker on Friday, January 4th. This represents a $0.32 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Thursday, December 13th.
Crown Crafts has a dividend payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings.
Crown Crafts stock opened at $5.93 on Friday. Crown Crafts has a fifty-two week low of $5.00 and a fifty-two week high of $7.54. The company has a quick ratio of 1.66, a current ratio of 3.80 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $51.96 million, a PE ratio of 12.90 and a beta of 0.61.
In other news, CEO Nanci Freeman sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $6.02, for a total value of $120,400.00. Following the completion of the sale, the chief executive officer now directly owns 179,979 shares of the company’s stock, valued at approximately $1,083,473.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 25,451 shares of company stock valued at $153,200 over the last three months. Company insiders own 14.21% of the company’s stock.
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About Crown Crafts
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; 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.
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