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

Acuity, Inc. (NYSE:AYI) announced a quarterly dividend on Thursday, January 22nd. Stockholders of record on Monday, February 2nd will be paid a dividend of 0.20 per share by the electronics maker on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Monday, February 2nd. This is a 17.6% increase from Acuity’s previous quarterly dividend of $0.17.

Acuity has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Acuity has a payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Acuity to earn $17.42 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 3.9%.

Acuity Trading Down 0.1%

NYSE AYI opened at $311.75 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.39 and a current ratio of 2.07. The firm has a market cap of $9.56 billion, a price-to-earnings ratio of 23.98, a PEG ratio of 1.69 and a beta of 1.50. The firm has a 50 day simple moving average of $353.94 and a 200-day simple moving average of $340.62. Acuity has a one year low of $216.81 and a one year high of $380.17.

Acuity (NYSE:AYI) last released its earnings results on Thursday, January 8th. The electronics maker reported $4.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.45 by $0.24. Acuity had a net margin of 9.04% and a return on equity of 20.97%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the business earned $3.97 EPS. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. Equities research analysts anticipate that Acuity will post 15.86 EPS for the current fiscal 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.