Cricut, Inc. (NASDAQ:CRCT) to Issue Dividend of $0.10

Cricut, Inc. (NASDAQ:CRCTGet Free Report) announced a dividend on Tuesday, May 5th. Investors of record on Tuesday, July 7th will be paid a dividend of 0.10 per share on Tuesday, July 21st. This represents a yield of 474.0%. The ex-dividend date is Tuesday, July 7th.

Cricut has a dividend payout ratio of 87.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Cricut to earn $0.18 per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of 111.1%.

Cricut Stock Up 5.5%

Shares of NASDAQ:CRCT opened at $4.45 on Wednesday. The firm has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $4.61. Cricut has a 52 week low of $3.73 and a 52 week high of $7.33. The stock has a market capitalization of $943.06 million, a P/E ratio of 12.22 and a beta of 0.22.

Cricut (NASDAQ:CRCTGet Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. Cricut had a net margin of 10.82% and a return on equity of 20.44%. The firm had revenue of $159.47 million for the quarter, compared to analysts’ expectations of $164.33 million. On average, analysts expect that Cricut will post 0.14 earnings per share for the current year.

About Cricut

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Cricut, Inc (NASDAQ: CRCT) is a U.S.-based technology company specializing in personal and small-business crafting solutions. The company designs and markets a family of cutting machines that leverage computer-aided design to precisely cut a wide range of materials, including paper, vinyl, fabric and leather. Complementing its hardware offerings, Cricut provides proprietary software and mobile applications that enable users to create custom artwork, import graphics and access a vast library of pre-designed projects and fonts through a subscription service.

Founded as a division of Provo Craft & Novelty in 2005, Cricut emerged as an independent public company in March 2021.

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Dividend History for Cricut (NASDAQ:CRCT)

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