Acuity, Inc. (AYI) to Issue Quarterly Dividend of $0.20 on February 13th

Acuity, Inc. (NYSE:AYI) declared a quarterly dividend on Thursday, January 22nd. Stockholders 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) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Monday, February 2nd. This is a 17.6% increase from Acuity’s previous quarterly dividend of $0.17.

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 3.6% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

AYI stock opened at $315.65 on Friday. Acuity has a 1-year low of $216.81 and a 1-year high of $380.17. The business has a 50-day moving average price of $353.24 and a 200 day moving average price of $340.69. The company has a market capitalization of $9.68 billion, a P/E ratio of 24.28, a PEG ratio of 1.69 and a beta of 1.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.07 and a quick ratio of 1.39.

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

About Acuity

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.