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

LifeVantage Co. (NASDAQ:LFVN) announced a quarterly dividend on Wednesday, August 28th, Zacks reports. Stockholders of record on Monday, September 9th will be given a dividend of 0.04 per share on Tuesday, September 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, September 9th.

LifeVantage has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings.

LifeVantage Stock Down 11.8 %

NASDAQ LFVN opened at $7.77 on Friday. LifeVantage has a fifty-two week low of $4.20 and a fifty-two week high of $9.14. The business has a 50 day moving average price of $7.24 and a two-hundred day moving average price of $6.94. The stock has a market cap of $98.69 million, a PE ratio of 27.75 and a beta of 0.81.

LifeVantage (NASDAQ:LFVN) last released its quarterly earnings results on Wednesday, August 28th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). LifeVantage had a net margin of 1.75% and a return on equity of 27.02%. The firm had revenue of $48.93 million for the quarter.

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.