LSI Industries Inc. (NASDAQ:LYTS) Announces Quarterly Dividend of $0.05

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Monday, May 4th will be given a dividend of 0.05 per share by the construction company on Tuesday, May 12th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, May 4th.

LSI Industries has a payout ratio of 18.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect LSI Industries to earn $1.30 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 15.4%.

LSI Industries Trading Up 9.5%

Shares of LYTS traded up $1.96 during mid-day trading on Thursday, hitting $22.67. The company had a trading volume of 838,480 shares, compared to its average volume of 250,026. The business’s 50-day simple moving average is $20.09 and its 200-day simple moving average is $20.26. The company has a quick ratio of 1.21, a current ratio of 2.15 and a debt-to-equity ratio of 0.11. LSI Industries has a 1-year low of $13.77 and a 1-year high of $24.75. The stock has a market cap of $705.72 million, a PE ratio of 27.65 and a beta of 0.32.

LSI Industries (NASDAQ:LYTS) last released its earnings results on Thursday, January 22nd. The construction company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. LSI Industries had a net margin of 4.34% and a return on equity of 10.90%. The business had revenue of $147.00 million for the quarter, compared to analysts’ expectations of $140.11 million. Sell-side analysts forecast that LSI Industries will post 0.95 earnings per share for the current year.

About LSI Industries

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.