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

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Thursday, August 20th. Investors of record on Monday, August 31st will be paid a dividend of 0.05 per share by the construction company on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, August 31st.

LSI Industries has a dividend payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect LSI Industries to earn $1.18 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 16.9%.

LSI Industries Price Performance

NASDAQ:LYTS opened at $20.62 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.48 and a debt-to-equity ratio of 0.58. The business’s 50-day moving average price is $24.70 and its 200 day moving average price is $22.71. LSI Industries has a 52-week low of $17.20 and a 52-week high of $27.36. The firm has a market cap of $756.96 million, a P/E ratio of 27.49 and a beta of 0.56.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings results on Thursday, August 20th. The construction company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.03. LSI Industries had a net margin of 3.91% and a return on equity of 8.90%. The company had revenue of $234.62 million during the quarter, compared to the consensus estimate of $222.78 million. As a group, sell-side analysts predict that LSI Industries will post 0.78 earnings per share for the current fiscal year.

LSI Industries Company Profile

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.