LCI Industries (NYSE:LCII – Get Free Report) announced a quarterly dividend on Friday, February 27th. Shareholders of record on Friday, March 13th will be given a dividend of 1.15 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, March 13th.
LCI Industries has raised 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 dividend 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 Stock Down 1.6%
Shares of LCII opened at $126.65 on Wednesday. The company’s fifty day moving average is $140.84 and its two-hundred day moving average is $117.60. The firm has a market cap of $3.06 billion, a PE ratio of 16.77 and a beta of 1.33. The company has a quick ratio of 1.14, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. LCI Industries has a fifty-two week low of $72.31 and a fifty-two week high of $159.66.
About LCI Industries
LCI Industries is a publicly traded manufacturer specializing in engineered components and systems for the recreation vehicle (RV), marine and housing industries. The company develops and supplies a diverse range of products designed to enhance comfort, convenience and functionality in mobile and leisure applications. LCI Industries serves original equipment manufacturers (OEMs) and aftermarket customers throughout North America.
The company’s core offerings include power conversion and control systems, slideout mechanisms, entry and docking products, seating and furniture solutions, as well as window and door assemblies.
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