Acuity, Inc. (AYI) to Issue Quarterly Dividend of $0.20 on May 1st

Acuity, Inc. (NYSE:AYI) declared a quarterly dividend on Thursday, March 26th. Investors of record on Friday, April 17th will be given a dividend of 0.20 per share by the electronics maker on Friday, May 1st. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, April 17th.

Acuity has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Acuity has a payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Acuity to earn $17.42 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 4.6%.

Acuity Price Performance

Shares of NYSE AYI opened at $270.25 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $297.25 and a two-hundred day simple moving average of $335.10. Acuity has a 1-year low of $216.81 and a 1-year high of $380.17. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 20.79, a price-to-earnings-growth ratio of 1.46 and a beta of 1.50.

Acuity (NYSE:AYI) last issued its earnings results on Thursday, January 8th. The electronics maker reported $4.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.45 by $0.24. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Acuity had a return on equity of 20.97% and a net margin of 9.04%.The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the company posted $3.97 earnings per share. Analysts anticipate that Acuity will post 15.86 earnings per share for the current year.

About Acuity

Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.

Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.