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

LSI Industries Inc. (NASDAQ:LYTS - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Monday, November 18th will be given a dividend of 0.05 per share by the construction company on Tuesday, November 26th. This represents a $0.20 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, November 18th.

LSI Industries has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

NASDAQ LYTS traded up $1.23 during trading hours on Friday, reaching $20.35. The company's stock had a trading volume of 373,360 shares, compared to its average volume of 110,953. The firm has a market capitalization of $605.66 million, a price-to-earnings ratio of 25.13 and a beta of 0.87. LSI Industries has a 1-year low of $11.44 and a 1-year high of $20.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.05 and a quick ratio of 1.16. The company's 50-day moving average is $16.21 and its two-hundred day moving average is $15.52.

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

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a "buy" rating and set a $20.00 price objective on shares of LSI Industries in a research note on Friday, August 16th.

Insiders Place Their Bets

In other news, CEO James Anthony Clark sold 33,331 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 value of $485,632.67. Following the completion of the sale, the chief executive officer now directly owns 361,099 shares in the company, valued at $5,261,212.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO James Anthony Clark sold 33,331 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 value of $485,632.67. Following the completion of the sale, the chief executive officer now directly owns 361,099 shares in the company, valued at $5,261,212.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas A. Caneris sold 9,748 shares of the company's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $14.57, for a total value of $142,028.36. Following the completion of the sale, the vice president now owns 98,656 shares of the company's stock, 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. In the last three months, insiders sold 51,903 shares of company stock worth $756,227. Corporate insiders own 8.20% of the company's stock.

About LSI Industries

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.