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

LifeVantage Co. (NASDAQ:LFVN - Get Free Report) announced a quarterly dividend on Monday, February 3rd,RTT News reports. Stockholders of record on Monday, March 3rd will be paid a dividend of 0.04 per share on Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, March 3rd.

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

LifeVantage Stock Performance

LFVN traded up $0.32 during trading on Friday, reaching $19.31. 580,134 shares of the stock were exchanged, compared to its average volume of 317,488. The stock's 50 day moving average price is $19.33 and its two-hundred day moving average price is $13.83. LifeVantage has a twelve month low of $5.22 and a twelve month high of $27.38. The stock has a market cap of $242.34 million, a P/E ratio of 34.48 and a beta of 0.84.

LifeVantage (NASDAQ:LFVN - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.08. LifeVantage had a return on equity of 34.29% and a net margin of 3.46%.

Analyst Upgrades and Downgrades

Several analysts recently commented on LFVN shares. Lake Street Capital started coverage on shares of LifeVantage in a report on Thursday, December 19th. They set a "buy" rating and a $26.00 target price for the company. Craig Hallum assumed coverage on LifeVantage in a research report on Tuesday, January 14th. They issued a "buy" rating and a $35.00 target price on the stock.

About LifeVantage

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.