Lifevantage Corporation (NASDAQ:LFVN – Get Free Report) announced a quarterly dividend on Wednesday, February 4th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.045 per share on Monday, March 16th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, March 2nd.
Lifevantage has a dividend payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings.
Lifevantage Trading Down 19.5%
Shares of Lifevantage stock traded down $1.08 during trading on Thursday, hitting $4.47. 274,187 shares of the stock were exchanged, compared to its average volume of 233,016. The company has a fifty day moving average price of $6.22 and a 200-day moving average price of $8.96. The stock has a market capitalization of $56.72 million, a price-to-earnings ratio of 6.11 and a beta of 0.33. Lifevantage has a 1-year low of $3.90 and a 1-year high of $22.49.
Lifevantage Company Profile
LifeVantage Corporation is a publicly traded company that develops, markets and distributes nutritional supplements, skincare products and weight-management solutions through a direct-selling business model. The company’s flagship offering, Protandim®, is formulated to activate the Nrf2 pathway, which is associated with cellular defense processes. LifeVantage also markets the PhysIQ® line for metabolism and body composition support and the TrueScience® skincare regimen, targeting a range of health and wellness needs.
Founded in 1999 and headquartered in Sandy, Utah, LifeVantage combines research in nutrigenomics with a network of independent distributors to bring its products to market.
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