LCI Industries (LCII) to Issue Quarterly Dividend of $1.15 on March 21st

LCI Industries (NYSE:LCII) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Investors of record on Friday, March 7th will be given a dividend of 1.15 per share on Friday, March 21st. This represents a $4.60 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend is Friday, March 7th.

LCI Industries has increased its dividend by an average of 7.6% annually over the last three years. LCI Industries has a payout ratio of 60.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect LCI Industries to earn $7.60 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 60.5%.

LCI Industries Stock Down 2.0 %

LCII opened at $106.93 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.03 and a current ratio of 2.82. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 19.09 and a beta of 1.44. LCI Industries has a one year low of $96.18 and a one year high of $129.38. The business’s fifty day moving average is $105.28 and its two-hundred day moving average is $112.77.

LCI Industries (NYSE:LCII) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a net margin of 3.82% and a return on equity of 10.28%. Analysts anticipate that LCI Industries will post 6.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other LCI Industries news, CEO Jason Lippert sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $126.00, for a total value of $1,260,000.00. Following the sale, the chief executive officer now directly owns 373,145 shares of the company’s stock, valued at approximately $47,016,270. This trade represents a 2.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LCII has been the subject of a number of recent research reports. Truist Financial raised their price objective on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. StockNews.com downgraded LCI Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 15th. Finally, CJS Securities upgraded LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 price objective on the stock in a research report on Wednesday, February 12th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $121.50.

About LCI Industries

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.