Acuity, Inc. to Issue Quarterly Dividend of $0.20 (NYSE:AYI)

Acuity, Inc. (NYSE:AYI) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.20 per share by the electronics maker on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, July 17th.

Acuity has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. Acuity has a dividend payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Acuity to earn $19.82 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 4.0%.

Acuity Price Performance

AYI stock opened at $307.75 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.07. Acuity has a 52 week low of $257.04 and a 52 week high of $380.17. The firm’s fifty day moving average is $294.84 and its 200 day moving average is $307.81. The firm has a market cap of $9.33 billion, a P/E ratio of 22.56, a P/E/G ratio of 1.66 and a beta of 1.31.

Acuity (NYSE:AYI) last posted its quarterly earnings results on Thursday, June 25th. The electronics maker reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.20 by $0.11. Acuity had a net margin of 9.37% and a return on equity of 20.74%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.18 billion. Research analysts predict that Acuity will post 18.03 earnings per share for the current year.

About Acuity

Acuity Brands, Inc (NYSE: AYI) is a leading provider of lighting fixtures, controls and building management solutions designed for commercial, institutional, industrial and residential markets. The company’s core offerings include a broad range of LED luminaires, lighting controls, sensors and networked building systems that enhance energy efficiency, occupant comfort and operational productivity. Acuity Brands’ portfolio spans indoor and outdoor lighting fixtures, emergency lighting, task lighting and architectural products, as well as advanced controls such as daylight harvesting, occupancy sensing and wireless sensor networks.

Beyond traditional lighting, Acuity Brands delivers integrated digital solutions through its Connected Building platform, which combines smart sensors, cloud-based analytics and mobile applications to enable real-time monitoring and remote management of lighting and environmental systems.