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

LSI Industries Inc. (NASDAQ:LYTSGet Rating) announced a quarterly dividend on Thursday, April 28th, Zacks reports. Stockholders of record on Monday, May 9th will be paid a dividend of 0.05 per share by the construction company on Tuesday, May 17th. This represents a $0.20 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, May 6th.

LSI Industries has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect LSI Industries to earn $0.65 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 30.8%.

NASDAQ LYTS opened at $6.99 on Friday. The stock has a 50-day simple moving average of $6.30 and a 200 day simple moving average of $6.89. LSI Industries has a twelve month low of $5.71 and a twelve month high of $9.81. The stock has a market capitalization of $186.23 million, a PE ratio of 24.96, a P/E/G ratio of 0.56 and a beta of 1.61. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.10 and a current ratio of 2.16.

LSI Industries (NASDAQ:LYTSGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The construction company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. LSI Industries had a return on equity of 8.09% and a net margin of 2.04%. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, equities research analysts forecast that LSI Industries will post 0.44 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in LYTS. BlackRock Inc. boosted its position in shares of LSI Industries by 3.6% during the 4th quarter. BlackRock Inc. now owns 815,524 shares of the construction company’s stock valued at $5,594,000 after acquiring an additional 27,982 shares in the last quarter. Millennium Management LLC lifted its stake in LSI Industries by 9.1% during the fourth quarter. Millennium Management LLC now owns 286,233 shares of the construction company’s stock worth $1,964,000 after purchasing an additional 23,947 shares during the period. Geode Capital Management LLC boosted its holdings in LSI Industries by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 229,029 shares of the construction company’s stock valued at $1,571,000 after purchasing an additional 2,259 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in LSI Industries by 65.2% during the fourth quarter. Susquehanna International Group LLP now owns 113,805 shares of the construction company’s stock valued at $781,000 after purchasing an additional 44,919 shares in the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of LSI Industries by 415.6% in the 2nd quarter. Citadel Advisors LLC now owns 89,186 shares of the construction company’s stock valued at $714,000 after purchasing an additional 71,890 shares during the period. 63.57% of the stock is owned by institutional investors.

LYTS has been the subject of a number of research reports. StockNews.com began coverage on shares of LSI Industries in a report on Tuesday, April 19th. They issued a “buy” rating for the company. Zacks Investment Research lowered shares of LSI Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Canaccord Genuity Group lifted their target price on LSI Industries from $10.00 to $13.00 and gave the stock a “buy” rating in a research report on Friday, January 28th. Canaccord Genuity Group boosted their price target on LSI Industries from $10.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, January 28th. Finally, HC Wainwright reiterated a “buy” rating on shares of LSI Industries in a research report on Friday, January 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, LSI Industries presently has a consensus rating of “Buy” and a consensus price target of $12.38.

LSI Industries Company Profile (Get Rating)

LSI Industries Inc manufactures and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates in two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting solutions.

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Dividend History for LSI Industries (NASDAQ:LYTS)

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