Acuity, Inc. (AYI) to Distribute Quarterly Dividend of $0.20 on November 2nd

Acuity, Inc. (NYSE:AYI) announced a quarterly dividend on Thursday, September 24th. Investors of record on Friday, October 16th will be given 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 raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. Acuity has a payout ratio of 4.2% indicating that 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 Stock Up 2.9%

Shares of NYSE:AYI opened at $318.31 on Friday. The firm’s 50 day moving average price is $332.70 and its 200 day moving average price is $310.22. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29. Acuity has a fifty-two week low of $257.04 and a fifty-two week high of $380.17. 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 (NYSE:AYI) last posted its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, topping the consensus estimate of $5.17 by $0.14. Acuity had a net margin of 10.25% and a return on equity of 20.26%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $5.12 EPS. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts predict that Acuity will post 18.49 earnings per share for the current fiscal year.

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.