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

LSI Industries Inc. (NASDAQ:LYTS) declared 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 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, May 3rd.

LSI Industries has a payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect LSI Industries to earn $1.13 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 17.7%.

LSI Industries Price Performance

Shares of NASDAQ:LYTS opened at $15.18 on Friday. The company has a 50 day moving average of $14.57 and a 200 day moving average of $14.16. The stock has a market cap of $441.28 million, a P/E ratio of 16.68 and a beta of 0.85. LSI Industries has a 12 month low of $11.44 and a 12 month 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.

LSI Industries (NASDAQ:LYTS) last issued its quarterly earnings data on Thursday, January 25th. The construction company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.07 by $0.13. The company had revenue of $109.01 million during the quarter, compared to analysts’ expectations of $107.70 million. LSI Industries had a net margin of 5.71% and a return on equity of 14.91%. As a group, sell-side analysts forecast that LSI Industries will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LYTS. HC Wainwright reaffirmed a “buy” rating and set a $20.00 price objective on shares of LSI Industries in a research note on Monday. StockNews.com raised shares of LSI Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 3rd.

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.