Acuity Brands, Inc. (NYSE:AYI) announced a quarterly dividend on Monday, January 8th, Wall Street Journal reports. Investors of record on Monday, January 22nd will be paid a dividend of 0.13 per share by the electronics maker on Thursday, February 1st. This represents a $0.52 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Friday, January 19th.
Acuity Brands has a payout ratio of 6.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Acuity Brands to earn $9.35 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 5.6%.
Shares of Acuity Brands (AYI) opened at $185.73 on Tuesday. The firm has a market cap of $7,830.00, a P/E ratio of 25.00, a P/E/G ratio of 1.96 and a beta of 1.43. Acuity Brands has a 1-year low of $153.28 and a 1-year high of $225.36. The company has a current ratio of 2.07, a quick ratio of 1.53 and a debt-to-equity ratio of 0.21.
In related news, EVP Mark A. Black sold 7,441 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $161.32, for a total value of $1,200,382.12. Following the completion of the transaction, the executive vice president now owns 30,649 shares of the company’s stock, valued at approximately $4,944,296.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.
Acuity Brands Company Profile
Acuity Brands, Inc is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The Company operates through North American segment. The Company offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.
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