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

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders of record on Monday, February 3rd will be given a dividend of 0.05 per share by the construction company on Tuesday, February 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Monday, February 3rd.

LSI Industries has a dividend payout ratio of 15.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect LSI Industries to earn $1.33 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 15.0%.

LSI Industries Stock Down 10.7 %

Shares of NASDAQ:LYTS opened at $22.08 on Friday. The stock’s 50-day moving average is $19.87 and its 200 day moving average is $17.42. The company has a market cap of $658.87 million, a PE ratio of 27.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.08 and a quick ratio of 1.19. LSI Industries has a 1 year low of $13.35 and a 1 year high of $25.50.

LSI Industries (NASDAQ:LYTS) last posted its earnings results on Thursday, January 23rd. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). LSI Industries had a net margin of 4.88% and a return on equity of 11.71%. Sell-side analysts anticipate that LSI Industries will post 0.86 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Canaccord Genuity Group upped their price objective on shares of LSI Industries from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Friday. HC Wainwright increased their price target on shares of LSI Industries from $20.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday.

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.