LifeVantage Co. Announces Quarterly Dividend of $0.04 (NASDAQ:LFVN)

LifeVantage Co. (NASDAQ:LFVN) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Monday, March 3rd will be given a dividend of 0.04 per share on Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, March 3rd.

LifeVantage has a dividend payout ratio of 15.4% meaning its dividend is sufficiently covered by earnings.

LifeVantage Stock Down 16.5 %

NASDAQ:LFVN opened at $18.99 on Friday. The firm has a market cap of $237.75 million, a PE ratio of 59.35 and a beta of 0.84. LifeVantage has a 12 month low of $5.22 and a 12 month high of $27.38. The company’s 50-day moving average price is $19.14 and its two-hundred day moving average price is $13.66.

LifeVantage (NASDAQ:LFVN) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08. LifeVantage had a net margin of 2.11% and a return on equity of 29.24%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Lake Street Capital began coverage on shares of LifeVantage in a research note on Thursday, December 19th. They issued a “buy” rating and a $26.00 target price for the company. Craig Hallum began coverage on shares of LifeVantage in a research report on Tuesday, January 14th. They set a “buy” rating and a $35.00 price objective for the company.

LifeVantage Company Profile

LifeVantage Corporation engages in the identification, research, development, formulation, and sale of advanced nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products. It offers Protandim, a dietary supplement; LifeVantage Omega+, a dietary supplement that combines DHA and EPA Omega-3 fatty acids, Omega-7 fatty acids, and vitamin D3; LifeVantage ProBio, a dietary supplement to support gut health; PhysIQ, a weight management system; LifeVantage IC Bright, a supplement to support eye and brain health, reduce eye fatigue and strain, supports cognitive functions, and support normal sleep patterns; Petandim for Dogs, a supplement to combat oxidative stress in dogs; and Axio, a nootropic energy drink mix.