LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 6th will be paid a dividend of 0.05 per share by the construction company on Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Friday, May 3rd.
LSI Industries has a payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect LSI Industries to earn $1.13 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 17.7%.
LSI Industries Stock Down 2.7 %
Shares of NASDAQ:LYTS opened at $14.77 on Friday. The business has a 50-day moving average price of $14.57 and a 200 day moving average price of $14.16. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $429.36 million, a price-to-earnings ratio of 15.88 and a beta of 0.85. LSI Industries has a 12-month low of $11.44 and a 12-month high of $16.97.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on LYTS shares. HC Wainwright reaffirmed a “buy” rating and issued a $20.00 target price on shares of LSI Industries in a research report on Monday, April 22nd. Canaccord Genuity Group lifted their target price on LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Friday. Finally, StockNews.com raised LSI Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd.
Check Out Our Latest Research Report on LYTS
LSI Industries Company Profile
LSI Industries Inc produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets.
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