LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Monday, May 6th will be given a dividend of 0.05 per share by the construction company on Tuesday, May 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, May 3rd.
LSI Industries has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. 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 Up 4.0 %
LSI Industries stock opened at $15.18 on Friday. The firm has a market capitalization of $441.28 million, a PE ratio of 16.68 and a beta of 0.85. The company’s 50-day moving average is $14.57 and its 200-day moving average is $14.16. LSI Industries has a fifty-two week low of $11.44 and a fifty-two week high of $16.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.24.
Wall Street Analysts Forecast Growth
LYTS has been the topic of a number of research reports. StockNews.com upgraded shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 3rd. HC Wainwright restated a “buy” rating and set a $20.00 target price on shares of LSI Industries in a research report on Monday.
Read Our Latest 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.
See Also
- Five stocks we like better than LSI Industries
- How to invest in marijuana stocks in 7 steps
- Semiconductor Shakeout: Finding Potential Amidst Turmoil
- Ride Out The Recession With These Dividend Kings
- Hasbro’s Management Made All the Right Calls This Quarter
- Health Care Stocks Explained: Why You Might Want to Invest
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
Receive News & Ratings for LSI Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LSI Industries and related companies with MarketBeat.com's FREE daily email newsletter.