Crown Crafts, Inc. (NASDAQ:CRWS) Announces $0.08 Quarterly Dividend

Crown Crafts, Inc. (NASDAQ:CRWSGet Free Report) announced a quarterly dividend on Thursday, May 14th. Stockholders of record on Thursday, June 11th will be paid a dividend of 0.08 per share by the textile maker on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Thursday, June 11th.

Crown Crafts has decreased its dividend by an average of 0.1%per year over the last three years.

Crown Crafts Stock Down 0.4%

Shares of CRWS opened at $2.75 on Friday. The stock has a market capitalization of $29.43 million, a price-to-earnings ratio of -3.09 and a beta of 0.64. Crown Crafts has a 1 year low of $2.35 and a 1 year high of $3.38. The business’s 50 day simple moving average is $2.74 and its 200-day simple moving average is $2.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.43 and a quick ratio of 1.47.

Crown Crafts (NASDAQ:CRWSGet Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The textile maker reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $20.72 million for the quarter. Crown Crafts had a positive return on equity of 2.93% and a negative net margin of 11.10%.

Hedge Funds Weigh In On Crown Crafts

Several hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in Crown Crafts by 7.9% in the 1st quarter. Renaissance Technologies LLC now owns 257,342 shares of the textile maker’s stock valued at $663,000 after acquiring an additional 18,800 shares during the last quarter. Empowered Funds LLC grew its position in Crown Crafts by 7.8% in the 4th quarter. Empowered Funds LLC now owns 56,348 shares of the textile maker’s stock valued at $156,000 after acquiring an additional 4,078 shares during the last quarter. XTX Topco Ltd bought a new position in Crown Crafts in the 4th quarter valued at $32,000. Mariner LLC bought a new position in Crown Crafts in the 4th quarter valued at $28,000. Finally, LPL Financial LLC bought a new position in Crown Crafts in the 4th quarter valued at $477,000. Institutional investors own 30.23% of the company’s stock.

About Crown Crafts

(Get Free Report)

Crown Crafts, Inc (NASDAQ: CRWS) is a U.S.-based designer, marketer and distributor of infant, toddler and juvenile consumer products. The company develops a wide range of softlines and related accessories, including crib and toddler bedding, blankets, decorative pillows, bath towels and washcloths. Since its founding in 1957, Crown Crafts has focused on combining creative design with functional quality to meet the shifting preferences of young families and caregivers.

The company operates two primary business segments.

Further Reading

Dividend History for Crown Crafts (NASDAQ:CRWS)

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