Acuity, Inc. (AYI) To Go Ex-Dividend on October 16th

Acuity, Inc. (NYSE:AYI) declared a quarterly dividend on Thursday, September 24th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.20 per share by the electronics maker on Monday, November 2nd. This represents a $0.80 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, October 16th.

Acuity has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Acuity has a dividend payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Acuity to earn $22.11 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 3.6%.

Acuity Trading Up 1.7%

NYSE AYI opened at $301.27 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.28 and a current ratio of 1.70. The firm has a market cap of $9.02 billion, a PE ratio of 17.62, a P/E/G ratio of 1.48 and a beta of 1.30. Acuity has a one year low of $257.04 and a one year high of $380.17. The firm’s fifty day moving average is $325.32 and its two-hundred day moving average is $313.29.

Acuity (NYSE:AYI) last announced its earnings results on Thursday, October 1st. The electronics maker reported $5.77 EPS for the quarter, beating analysts’ consensus estimates of $5.57 by $0.20. Acuity had a net margin of 11.45% and a return on equity of 20.30%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company earned $5.20 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Acuity will post 19.99 earnings per share for the current year.

Acuity Company Profile

Acuity (NYSE: AYI) is a technology company that provides lighting, lighting controls and building-management solutions for commercial, institutional, industrial and residential environments. Its products are designed to improve illumination, energy efficiency, automation and the overall performance of indoor and outdoor spaces.

The company offers a broad portfolio of lighting fixtures, controls, sensors and connected-building technologies. Its brands and product lines have included Lithonia Lighting, Holophane, Peerless, SensorSwitch, Distech Controls and Atrius.