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

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders 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 payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 traded up $0.48 during midday trading on Friday, hitting $19.60. 18,157 shares of the company traded hands, compared to its average volume of 109,316. The company has a market capitalization of $583.30 million, a price-to-earnings ratio of 22.76 and a beta of 0.87. The business has a 50 day simple moving average of $16.21 and a two-hundred day simple moving average of $15.52. The company has a current ratio of 2.05, a quick ratio of 1.16 and a debt-to-equity ratio of 0.25. LSI Industries has a 52-week low of $11.44 and a 52-week high of $19.65.

LSI Industries (NASDAQ:LYTS) last announced 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. LSI Industries had a return on equity of 12.77% and a net margin of 5.32%. The company had revenue of $129.01 million for the quarter, compared to analyst estimates of $127.28 million. On average, equities analysts forecast that LSI Industries will post 0.88 earnings per share for the current fiscal year.

Insider Transactions at LSI Industries

In other LSI Industries news, CEO James Anthony Clark sold 33,331 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $14.57, for a total value of $485,632.67. Following the completion of the transaction, the chief executive officer now 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 sale was disclosed in a filing with the SEC, which is available at this link. In other news, CFO James E. Galeese sold 8,824 shares of LSI Industries stock in a transaction on Monday, August 19th. The shares were sold at an average price of $14.57, for a total transaction of $128,565.68. Following the completion of the sale, the chief financial officer now directly owns 145,631 shares of the company’s stock, valued at approximately $2,121,843.67. The trade was a 0.00 % decrease in their position. The transaction 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 stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $14.57, for a total value of $485,632.67. Following the completion of the transaction, the chief executive officer now owns 361,099 shares in the company, valued at approximately $5,261,212.43. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,903 shares of company stock valued at $756,227. 8.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.