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

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Monday, November 18th will be paid a dividend of 0.05 per share by the construction company on Friday, November 29th. This represents a $0.20 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, November 18th.

LSI Industries has a dividend payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of LYTS stock traded up $0.48 during midday trading on Friday, hitting $19.60. The company had a trading volume of 18,157 shares, compared to its average volume of 109,316. The company’s 50 day simple moving average is $16.21 and its 200 day simple moving average is $15.52. LSI Industries has a 52-week low of $11.44 and a 52-week high of $19.65. The stock has a market cap of $583.30 million, a price-to-earnings ratio of 22.76 and a beta of 0.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.05 and a quick ratio of 1.16.

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

Insider Activity at LSI Industries

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

Wall Street Analysts Forecast Growth

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

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.