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

LifeVantage Co. (NASDAQ:LFVN) declared a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors 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 yield of 0.70%.

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

LifeVantage Price Performance

Shares of NASDAQ:LFVN traded down $1.00 during trading on Wednesday, hitting $22.74. 486,894 shares of the company were exchanged, compared to its average volume of 270,076. The firm’s 50 day moving average price is $18.97 and its 200-day moving average price is $13.59. LifeVantage has a 12-month low of $5.22 and a 12-month high of $27.38. The stock has a market capitalization of $284.70 million, a P/E ratio of 71.06 and a beta of 0.84.

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

Wall Street Analyst Weigh In

LFVN has been the topic of a number of research reports. Craig Hallum initiated coverage on LifeVantage in a research note on Tuesday, January 14th. They set a “buy” rating and a $35.00 price target on the stock. Lake Street Capital initiated coverage on shares of LifeVantage in a research report on Thursday, December 19th. They set a “buy” rating and a $26.00 target price on the stock.

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.