LCI Industries (NYSE:LCII) Plans Quarterly Dividend of $1.15

LCI Industries (NYSE:LCII) declared a quarterly dividend on Thursday, November 13th. Stockholders of record on Friday, November 28th will be paid a dividend of 1.15 per share on Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, November 28th.

LCI Industries has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 8 consecutive years. LCI Industries has a payout ratio of 64.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect LCI Industries to earn $7.60 per share next year, which means the company should continue to be able to cover its $4.60 annual dividend with an expected future payout ratio of 60.5%.

LCI Industries Price Performance

NYSE LCII traded down $2.22 on Friday, hitting $106.63. The company had a trading volume of 66,213 shares, compared to its average volume of 366,053. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.80 and a quick ratio of 1.34. The company’s fifty day moving average price is $96.86 and its 200-day moving average price is $95.04. The company has a market capitalization of $2.58 billion, a PE ratio of 17.80 and a beta of 1.34. LCI Industries has a 12-month low of $72.31 and a 12-month high of $129.38.

LCI Industries (NYSE:LCII) last announced its earnings results on Tuesday, June 7th. The company reported $2.93 EPS for the quarter. The business had revenue of $1 billion during the quarter. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%. As a group, analysts predict that LCI Industries will post 6.76 earnings per share for the current year.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.