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

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, November 16th will be given a dividend of $0.05 per share by the construction company on Tuesday, November 24th. This represents a $0.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Monday, November 16th.

LSI Industries has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect LSI Industries to earn $1.43 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 14.0%.

LSI Industries Stock Down 16.8%

Shares of LYTS traded down $3.60 during mid-day trading on Thursday, reaching $17.79. The company had a trading volume of 869,322 shares, compared to its average volume of 355,717. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.22 and a current ratio of 1.97. The firm has a 50-day moving average price of $20.36 and a 200 day moving average price of $22.01. LSI Industries has a 52 week low of $17.20 and a 52 week high of $27.36. The company has a market capitalization of $663.74 million, a price-to-earnings ratio of 26.55 and a beta of 0.54.

LSI Industries (NASDAQ:LYTS) last posted its quarterly earnings results on Thursday, November 5th. The construction company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $225.85 million for the quarter, compared to the consensus estimate of $225.00 million. LSI Industries had a return on equity of 7.51% and a net margin of 3.28%. On average, sell-side analysts forecast that LSI Industries will post 0.82 EPS for the current year.

About LSI Industries

LSI Industries Inc (NASDAQ: LYTS) designs and manufactures commercial lighting and display solutions for businesses and organizations. Its offerings include indoor and outdoor LED lighting, lighting controls, digital signage, visual display systems, and related graphics and branding products.

The company serves a range of markets, including petroleum and convenience stores, quick-service restaurants, automotive dealerships, grocery and retail locations, sports facilities, and other commercial and industrial environments.