LSI Industries Inc. (NASDAQ:LYTS – Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders 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 yield of 1.36%. The ex-dividend date of this dividend is Friday, May 3rd.
LSI Industries has a payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect LSI Industries to earn $0.80 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 25.0%.
LSI Industries Stock Performance
Shares of LYTS stock opened at $14.72 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $14.62 and a 200-day simple moving average of $14.10. The company has a market cap of $427.91 million, a price-to-earnings ratio of 15.83 and a beta of 0.82. LSI Industries has a 12-month low of $11.44 and a 12-month high of $16.97.
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About LSI Industries
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.
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