Acuity, Inc. (NYSE:AYI – Get Free Report) announced a quarterly dividend on Thursday, September 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, October 16th.
Acuity has increased its dividend by an average of 0.0%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% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Acuity to earn $20.41 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 3.9%.
Acuity Trading Up 1.8%
Shares of Acuity stock traded up $5.50 during trading on Friday, reaching $314.95. The company’s stock had a trading volume of 15,075 shares, compared to its average volume of 390,295. The company has a quick ratio of 1.47, a current ratio of 2.05 and a debt-to-equity ratio of 0.24. Acuity has a 52-week low of $257.04 and a 52-week high of $380.17. The firm’s 50-day moving average is $333.00 and its two-hundred day moving average is $310.16. The company has a market cap of $9.43 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.52 and a beta of 1.29.
Acuity Company Profile
Acuity, formerly known as Acuity Brands, Inc, is an industrial technology company that develops products and systems for lighting, building management and connected spaces. Its offerings are designed for commercial, institutional, industrial and residential applications, helping customers manage illumination, energy use, occupancy and other aspects of the built environment.
The company’s lighting portfolio includes indoor and outdoor fixtures, lighting controls, and related components.
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