LSI Industries Inc. (NASDAQ:LYTS) Declares $0.05 Quarterly Dividend

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.05 per share by the construction company on Friday, November 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, November 18th.

LSI Industries has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect LSI Industries to earn $1.18 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 16.9%.

LSI Industries Price Performance

LYTS stock traded up $0.73 during trading on Friday, reaching $19.85. 57,124 shares of the company were exchanged, compared to its average volume of 109,495. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 2.05. The stock’s 50 day moving average price is $16.21 and its 200 day moving average price is $15.52. LSI Industries has a 52-week low of $11.44 and a 52-week high of $19.85. The company has a market cap of $590.78 million, a P/E ratio of 25.13 and a beta of 0.87.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings results on Thursday, August 15th. The construction company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $129.01 million for the quarter, compared to analysts’ expectations of $127.28 million. LSI Industries had a return on equity of 12.77% and a net margin of 5.32%. As a group, analysts predict that LSI Industries will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and set a $20.00 price target on shares of LSI Industries in a research note on Friday, August 16th.

Insider Transactions at LSI Industries

In related news, CEO James Anthony Clark sold 33,331 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total value of $485,632.67. Following the sale, the chief executive officer now owns 361,099 shares of the company’s stock, valued at approximately $5,261,212.43. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other LSI Industries news, CEO James Anthony Clark sold 33,331 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.57, for a total transaction of $485,632.67. Following the sale, the chief executive officer now directly owns 361,099 shares of the company’s stock, valued at $5,261,212.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas A. Caneris sold 9,748 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $14.57, for a total value of $142,028.36. Following the completion of the transaction, the vice president now owns 98,656 shares of the company’s stock, valued at $1,437,417.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,903 shares of company stock valued at $756,227 in the last ninety days. Corporate insiders own 8.20% of the company’s stock.

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.