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

LSI Industries Inc. (NASDAQ:LYTS) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.05 per share by the construction company on Friday, November 29th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, November 18th.

LSI Industries has a payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 3.8 %

LSI Industries stock traded up $0.73 during midday trading on Friday, reaching $19.85. The stock had a trading volume of 57,124 shares, compared to its average volume of 109,495. The stock’s 50-day simple moving average is $16.21 and its 200 day simple moving average is $15.52. LSI Industries has a twelve month low of $11.44 and a twelve month high of $19.85. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.16 and a current ratio of 2.05. The stock has a market capitalization of $590.78 million, a PE ratio of 25.13 and a beta of 0.87.

LSI Industries (NASDAQ:LYTS) last released its quarterly earnings data on Thursday, August 15th. The construction company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $129.01 million during the quarter, compared to analyst estimates of $127.28 million. LSI Industries had a net margin of 5.32% and a return on equity of 12.77%. Analysts expect that LSI Industries will post 0.88 EPS for the current year.

Insider Activity

In related 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 value of $128,565.68. Following the completion of the sale, the chief financial officer now owns 145,631 shares in the company, valued at approximately $2,121,843.67. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO James E. Galeese sold 8,824 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $128,565.68. Following the sale, the chief financial officer now directly owns 145,631 shares of the company’s stock, valued at approximately $2,121,843.67. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Thomas A. Caneris sold 9,748 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $14.57, for a total transaction of $142,028.36. Following the sale, the vice president now directly owns 98,656 shares in the company, valued at $1,437,417.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,903 shares of company stock worth $756,227 over the last ninety days. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $20.00 price objective 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.