LCI Industries (NYSE:LCII) Declares Quarterly Dividend of $1.15

Key Points

• LCI Industries declared a quarterly dividend of $1.15 per share, payable December 11 to shareholders of record November 27. That equates to $4.60 annually and a 4.7% yield.
• The company has raised its dividend for eight consecutive years. Its 64.4% payout ratio indicates the dividend is covered by earnings, with analysts expecting a lower 50.5% payout ratio next year.
• LCI beat quarterly earnings and revenue estimates, though revenue fell 4.2% year over year. Analysts’ consensus rating is Hold, with a $113.50 average price target.

LCI Industries (NYSE:LCII - Get Free Report) declared a quarterly dividend on Thursday, November 12th. Stockholders of record on Friday, November 27th will be given a dividend of $1.15 per share on Friday, December 11th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date is Friday, November 27th.

LCI Industries has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 8 years. LCI Industries has a payout ratio of 64.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect LCI Industries to earn $9.11 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 50.5%.

LCI Industries Stock Performance

NYSE LCII opened at $96.95 on Friday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 11.62 and a beta of 1.19. LCI Industries has a 1-year low of $77.58 and a 1-year high of $159.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.82 and a quick ratio of 1.36. The business's 50-day simple moving average is $89.39 and its 200-day simple moving average is $109.74.

LCI Industries (NYSE:LCII - Get Free Report) last posted its earnings results on Thursday, November 5th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.06 by $0.15. LCI Industries had a net margin of 4.99% and a return on equity of 14.51%. The firm had revenue of $992.48 million during the quarter, compared to the consensus estimate of $990.62 million. During the same quarter in the prior year, the company earned $1.97 EPS. The company's revenue was down 4.2% on a year-over-year basis. LCI Industries has set its FY 2026 guidance at 8.250-8.500 EPS. Equities analysts predict that LCI Industries will post 8.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LCII shares. Robert W. Baird set a $119.00 price objective on shares of LCI Industries in a research report on Thursday, August 6th. Jefferies Financial Group reissued a "hold" rating and issued a $120.00 target price on shares of LCI Industries in a research note on Thursday, August 6th. Stifel Nicolaus lowered shares of LCI Industries from a "buy" rating to a "hold" rating and reduced their target price for the company from $130.00 to $80.00 in a report on Sunday, October 18th. Zacks Research upgraded shares of LCI Industries from a "strong sell" rating to a "hold" rating in a report on Friday, October 9th. Finally, BMO Capital Markets set a $118.00 price target on shares of LCI Industries in a research report on Thursday, August 6th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $113.50.

About LCI Industries

LCI Industries designs and manufactures components and related products for recreational vehicles, boats, and other applications. Its offerings include RV chassis, axles, towing and leveling systems, slide-out mechanisms, windows, doors, furniture, and electronic systems, as well as marine seating, hardware, and accessories. The company serves original equipment manufacturers and aftermarket customers, with products used in recreational vehicles, marine vessels, and adjacent markets such as transportation and industrial applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.