LSI Industries Inc. (NASDAQ:LYTS) Shareholders to Get $0.05 Quarterly Dividend

LSI Industries Inc. (NASDAQ:LYTS) declared a quarterly dividend on Thursday, November 5th. Shareholders 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 yield of 1.1%. The ex-dividend date of this dividend 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 Trading Down 16.8%

LYTS stock traded down $3.60 during mid-day trading on Thursday, reaching $17.79. 869,322 shares of the stock traded hands, 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. LSI Industries has a one year low of $17.20 and a one year high of $27.36. The stock has a market capitalization of $663.74 million, a PE ratio of 26.55 and a beta of 0.54. The business has a 50-day moving average price of $20.36 and a two-hundred day moving average price of $22.01.

LSI Industries (NASDAQ:LYTS) last announced its earnings results on Thursday, November 5th. The construction company reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $225.85 million for the quarter, compared to the consensus estimate of $225.00 million. LSI Industries had a net margin of 3.28% and a return on equity of 7.51%. Equities research analysts expect that LSI Industries will post 0.82 EPS for the current year.

Insiders Place Their Bets

In other LSI Industries news, CEO James Clark sold 13,907 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $20.28, for a total value of $282,033.96. Following the sale, the chief executive officer owned 595,734 shares in the company, valued at $12,081,485.52. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO James Galeese sold 4,778 shares of LSI Industries stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $20.28, for a total value of $96,897.84. Following the sale, the chief financial officer owned 185,962 shares of the company’s stock, valued at approximately $3,771,309.36. This trade represents a 2.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 96,345 shares of company stock worth $1,928,267. 4.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in LSI Industries during the 2nd quarter valued at about $72,118,000. Dimensional Fund Advisors LP grew its stake in LSI Industries by 0.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,464,122 shares of the construction company’s stock worth $27,232,000 after acquiring an additional 6,783 shares in the last quarter. Wellington Management Group LLP grew its stake in LSI Industries by 5.4% in the 2nd quarter. Wellington Management Group LLP now owns 1,372,841 shares of the construction company’s stock worth $36,490,000 after acquiring an additional 70,033 shares in the last quarter. Sei Investments Co. increased its position in shares of LSI Industries by 259.7% during the first quarter. Sei Investments Co. now owns 264,336 shares of the construction company’s stock worth $4,917,000 after acquiring an additional 190,840 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of LSI Industries during the second quarter worth approximately $6,232,000. Hedge funds and other institutional investors own 73.91% of the company’s stock.

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.