LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) declared a quarterly dividend on Thursday, August 20th. Investors of record on Monday, August 31st will be given a dividend of 0.05 per share by the construction company on Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, August 31st.
LSI Industries has a dividend payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect LSI Industries to earn $1.18 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.9%.
LSI Industries Stock Down 14.3%
LSI Industries stock traded down $3.44 during trading on Thursday, reaching $20.62. 1,307,000 shares of the company’s stock were exchanged, compared to its average volume of 338,606. The company’s 50-day moving average is $24.80 and its two-hundred day moving average is $22.72. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 1.48. LSI Industries has a 52-week low of $17.20 and a 52-week high of $27.36. The firm has a market cap of $756.96 million, a price-to-earnings ratio of 27.49 and a beta of 0.56.
LSI Industries Company Profile
LSI Industries, Inc (NASDAQ: LYTS) is a diversified manufacturer and distributor of lighting, graphics and building technology products. Headquartered in Cincinnati, Ohio, the company develops energy-efficient LED lighting systems, branded and digital graphic displays, and integrated building technology solutions. Serving customers in the retail, quick-service and convenience store, industrial, hospitality and transportation markets, LSI combines design, engineering and manufacturing capabilities to address both aesthetic and functional needs.
In its lighting segment, LSI offers interior and exterior LED fixtures, canopy lights, high-bay and low-bay systems, and specialized horticultural grow lights.
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