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

Key Points

• Quarterly dividend of $0.20 declared, payable May 1 to shareholders of record April 17, implying a $0.80 annualized dividend and a yield of about 0.3%.
• The dividend is conservatively covered with a payout ratio near 4.2%, and Acuity has increased its dividend for three consecutive years.
• In the latest quarter Acuity beat EPS estimates ($4.69 vs. $4.45) with revenue up 20.2% year-over-year to $1.14 billion, though the stock is down ~5% and trades at a P/E of about 20.8.

Acuity, Inc. (NYSE:AYI - Get Free Report) announced a quarterly dividend on Thursday, March 26th. Stockholders of record on Friday, April 17th will be paid a dividend of 0.20 per share by the electronics maker on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, April 17th.

Acuity has increased its dividend payment 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 4.2% meaning 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 $0.80 annual dividend with an expected future payout ratio of 4.6%.

Acuity Stock Down 5.0%

Shares of NYSE AYI opened at $270.60 on Friday. Acuity has a 12-month low of $216.81 and a 12-month high of $380.17. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.29. The firm has a market cap of $8.30 billion, a PE ratio of 20.82, a P/E/G ratio of 1.54 and a beta of 1.50. The company's fifty day simple moving average is $298.25 and its 200 day simple moving average is $335.57.

Acuity (NYSE:AYI - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $1.14 billion. During the same quarter in the prior year, the firm earned $3.97 EPS. The business's revenue was up 20.2% on a year-over-year basis. As a group, sell-side analysts forecast that Acuity will post 15.86 earnings per share for the current fiscal year.

Acuity Company Profile

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.

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