Acuity, Inc. (NYSE:AYI) to Issue Dividend Increase – $0.20 Per Share

Acuity, Inc. (NYSE:AYI) announced a quarterly dividend on Thursday, January 22nd. Shareholders of record on Monday, February 2nd will be paid a dividend of 0.20 per share by the electronics maker on Friday, February 13th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Monday, February 2nd. This is a 17.6% increase from Acuity’s previous quarterly dividend of $0.17.

Acuity has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Acuity has a dividend payout ratio of 3.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Acuity to earn $17.42 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 3.9%.

Acuity Price Performance

AYI stock opened at $311.75 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 company has a market capitalization of $9.56 billion, a P/E ratio of 23.98, a PEG ratio of 1.69 and a beta of 1.50. The business has a 50 day simple moving average of $353.94 and a 200-day simple moving average of $340.62. Acuity has a twelve month low of $216.81 and a twelve month high of $380.17.

Acuity (NYSE:AYI) last released its quarterly earnings results on Thursday, January 8th. The electronics maker reported $4.69 EPS for the quarter, beating the consensus estimate of $4.45 by $0.24. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Acuity had a net margin of 9.04% and a return on equity of 20.97%. Acuity’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.97 EPS. As a group, equities analysts anticipate that Acuity will post 15.86 EPS for the current year.

Acuity Company Profile

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.