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

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, May 6th will be paid a dividend of 0.05 per share by the construction company on Tuesday, May 14th. This represents a $0.20 dividend on an annualized basis and a dividend 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. 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 Up 0.8 %

LSI Industries stock opened at $14.72 on Thursday. The company’s 50-day moving average price is $14.62 and its two-hundred day moving average price is $14.10. The stock 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 52 week low of $11.44 and a 52 week high of $16.97. The company has a current ratio of 2.16, a quick ratio of 1.24 and a debt-to-equity ratio of 0.10.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. StockNews.com raised LSI Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd. HC Wainwright reiterated a “buy” rating and set a $20.00 price target on shares of LSI Industries in a research report on Monday, April 22nd. Finally, Canaccord Genuity Group upped their price objective on LSI Industries from $17.00 to $18.00 and gave the company a “buy” rating in a report on Friday, April 26th.

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.