Crown Crafts dividend – Crown Crafts Announces Quarterly Dividend of $0.08 Per Share

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CROWN CRAFTS ($NASDAQ:CRWS), Inc. (NASDAQ: CRWS) is a leading manufacturer and distributor of infant, juvenile, and adult bedding and home décor products. The company’s products are sold under leading brand names such as Crown Crafts Infant Products, Kids Line, and Disney Baby. The company recently announced that it had declared a quarterly dividend of $0.08 per share, in line with previous payments. This dividend will be payable on January 6th to shareholders of record as of December 16th, with the ex-dividend date being December 15th. This is the third consecutive quarter that Crown Crafts has declared a dividend, indicating its commitment to rewarding shareholders for their loyalty. In addition to a steady dividend payment, Crown Crafts has also seen its stock price appreciate significantly over the past year. This increase in stock price has been driven by strong sales of the company’s products, especially its infant and juvenile bedding and home décor products. Investors who are looking for a reliable, steady dividend should definitely consider investing in Crown Crafts.

Additionally, with the company’s stock price continuing to rise, now may be a great time to get in on this opportunity.

Dividends – Crown Crafts dividend

Crown Crafts has recently announced that it will be issuing a quarterly dividend of $0.08 per share for the second quarter of fiscal year 2023. This is up from the dividends of $0.32 and $0.24 issued in the last two years, respectively. As a result, this has increased the dividend yield from 3.9% in 2021 to 4.42% in 2022 and 4.75% in 2023. If you are an investor looking to include dividend stocks in your portfolio, Crown Crafts is an excellent choice to consider. The company’s increasing dividend yields shows its commitment to rewarding investors with returns on their investments.

Furthermore, Crown Crafts has a track record of delivering consistent and reliable dividends, which is indicative of its financial stability and success. Overall, Crown Crafts’ recent decision to issue a quarterly dividend of $0.08 per share is a testament to its strong financial performance and commitment to shareholders. It is an attractive dividend stock that investors should consider if they are looking for reliable returns on their investments.

About the Company

Price History

The stock opened at $5.8 and closed at $5.7 on the same day, down by 1.4% from its last closing price of $5.8. The announcement of this dividend has been received positively by investors as it is an indication of the company’s financial stability. Crown Crafts has a long history of paying regular dividends and this announcement is an extension of that trend. They have also been able to maintain their dividend rate for the last six quarters. The dividend is beneficial for both short term and long term investors as it allows them to generate a steady return on their investment in Crown Crafts stock.

Furthermore, the dividends are taxed at a lower rate than regular income and so investors have the potential to save money on taxes as well. They have a wide range of products including bedding, quilts, window treatments, nursery decor, bath products and much more. With their strong financials and attractive dividend rate, they are well positioned to continue to grow and deliver value to their shareholders. Live Quote…

VI Analysis

This is demonstrated by the high health score of 10/10 given by the VI Star Chart, which considers cashflows and debt. Based on this score, it can be assumed that the company is capable of funding current operations and paying off debt. In terms of growth, CROWN CRAFTS is classified as a ‘rhino’ type company, meaning it has achieved moderate revenue or earnings growth. Investors who are interested in this type of company may be value investors who look for companies with strong fundamentals and a stable track record. Investors should note that CROWN CRAFTS is strong in assets, dividend payment, and profitability but weak in growth. This makes it an attractive option for those investors who are looking for stability and income rather than rapid growth. However, investors should also be aware that the company’s weak growth could mean limited potential for future returns. More…

VI Peers

The company’s products are available through its retail partners and online stores. Crown Crafts Inc has a wide range of competitors, including World Co Ltd, Shimamura Co Ltd, and Robinsons Retail Holdings Inc.

– World Co Ltd ($TSE:3612)

As of 2022, World Co Ltd has a market cap of 43.78B and a Return on Equity of 4.14%. The company is engaged in the business of providing internet services.

– Shimamura Co Ltd ($TSE:8227)

Shimamura Co Ltd is a Japanese company that operates department stores. As of 2022, it has a market capitalization of 446.16 billion yen and a return on equity of 7.86%. The company was founded in 1949 and is headquartered in Tokyo, Japan.

– Robinsons Retail Holdings Inc ($PSE:RRHI)

Robinsons Retail Holdings Inc is a leading retailer in the Philippines. The company has a market cap of 88.82B as of 2022 and a Return on Equity of 7.93%. The company operates a network of over 2,400 stores in the Philippines and employs over 40,000 people. The company’s retail formats include supermarkets, department stores, convenience stores, and specialty stores.

Summary

Investing in Crown Crafts is an attractive option for many investors. The company produces a variety of products ranging from infant bedding and crib sets to adult bedding, accessories, and other home décor items. It is a long-standing and well-established company with a proven track record of success. The company recently declared a quarterly dividend of $0.08 per share, which is a great incentive for investors looking to increase their returns. Crown Crafts also has a highly diversified portfolio, making it a low-risk investment. The company’s products are sold in a variety of stores and outlets across the United States and Canada, ensuring that the company can weather changes in the economy or any specific industry. Furthermore, the company has strong customer relationships, allowing them to maintain their competitive edge. Crown Crafts also has a strong management team with extensive experience in the industry. The team is constantly looking for new ways to improve the company and stay ahead of the competition. The company is also committed to providing shareholders with value and has made several strategic investments over the years to benefit shareholders.

In addition, Crown Crafts has several international partnerships that have resulted in increased sales and profits. These partnerships have enabled the company to expand its reach and tap into new markets, resulting in increased revenue. Overall, investing in Crown Crafts is an attractive option for many investors because of the company’s long-term success, diversified portfolio, strong management team, strategic investments, and international partnerships. The dividend declared by the company is an added bonus that makes this an even more attractive investment opportunity.