Acuity, Inc. Announces Quarterly Dividend of $0.17 (NYSE:AYI)

Key Points

• Acuity, Inc. declared a quarterly dividend of $0.17 per share, payable on November 3rd to shareholders of record as of October 17th, representing a yield of 0.2%.
• The company has a low payout ratio of 3.6%, indicating strong earnings coverage for its dividend, with expected earnings of $17.42 per share next year.
• Acuity's stock price increased to $344.39 during recent trading, with a market capitalization of about $10.56 billion.

Acuity, Inc. (NYSE:AYI - Get Free Report) declared a quarterly dividend on Tuesday, September 30th, RTT News reports. Shareholders of record on Friday, October 17th will be paid a dividend of 0.17 per share by the electronics maker on Monday, November 3rd. This represents a c) annualized dividend and a yield of 0.2%.

Acuity has a payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NYSE AYI traded up $5.28 during trading hours on Tuesday, hitting $344.39. The company had a trading volume of 729,385 shares, compared to its average volume of 260,566. Acuity has a 52 week low of $216.81 and a 52 week high of $349.00. The firm has a 50 day simple moving average of $325.25 and a 200 day simple moving average of $286.61. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.38 and a current ratio of 1.99. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.89 and a beta of 1.65.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AYI. Hantz Financial Services Inc. raised its position in shares of Acuity by 1,100.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 96 shares of the electronics maker's stock worth $29,000 after acquiring an additional 88 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Acuity during the 2nd quarter valued at $32,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Acuity during the 2nd quarter valued at $36,000. Cullen Frost Bankers Inc. lifted its position in Acuity by 525.0% during the first quarter. Cullen Frost Bankers Inc. now owns 125 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 105 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in Acuity by 3,175.0% during the second quarter. Golden State Wealth Management LLC now owns 131 shares of the electronics maker's stock valued at $39,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 98.21% of the company's stock.

Acuity Company Profile

Acuity Brands, Inc provides lighting, lighting controls, building management system, location-aware applications in the United States and internationally. The company operates in two segments, Acuity Brands Lighting and Lighting Controls (ABL); and the Intelligent Spaces Group (ISG). The ABL segment provides commercial, architectural, and specialty lighting solutions, as well as lighting controls and components for various indoor and outdoor applications under the A-Light, Aculux, American Electric Lighting, Cyclone, Dark to Light, eldoLED, Eureka, Gotham, Healthcare Lighting, Holophane, Hydrel, Indy, IOTA, Juno, Lithonia Lighting, Luminaire LED, Luminis, Mark Architectural Lighting, nLight, OPTOTRONIC, Peerless, RELOCWiring Solutions, and Sensor Switch.

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