LCI Industries (NYSE:LCII) to Issue $1.15 Quarterly Dividend

Key Points

• LCI Industries declared a quarterly dividend of $1.15 per share, payable September 4 to shareholders of record on August 21. The dividend implies an annualized payout of $4.60 and a yield of approximately 4.2%.
• The company has raised its dividend for eight consecutive years, with a current payout ratio of 64.4%; analysts expect future earnings to support a lower projected payout ratio of 46.2%.
• LCI’s latest quarterly EPS of $2.70 exceeded estimates of $2.58, although revenue fell 12.6% year over year to $1.10 billion. Analysts maintain a consensus “Hold” rating with an average price target of $129.88.

LCI Industries (NYSE:LCII - Get Free Report) declared a quarterly dividend on Friday, August 7th. Shareholders of record on Friday, August 21st will be given a dividend of 1.15 per share on Friday, September 4th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, August 21st.

LCI Industries has increased 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% meaning its dividend is sufficiently covered by earnings. Analysts expect LCI Industries to earn $9.95 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 46.2%.

LCI Industries Price Performance

LCII traded up $3.05 during trading on Friday, reaching $108.86. 183,377 shares of the company traded hands, compared to its average volume of 402,661. The company has a market cap of $2.64 billion, a P/E ratio of 12.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.20 and a current ratio of 2.49. LCI Industries has a 12-month low of $84.33 and a 12-month high of $159.66. The firm has a fifty day simple moving average of $100.79 and a 200 day simple moving average of $119.35.

LCI Industries (NYSE:LCII - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $2.70 EPS for the quarter, topping the consensus estimate of $2.58 by $0.12. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. LCI Industries had a net margin of 5.24% and a return on equity of 14.33%. The company's quarterly revenue was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.39 earnings per share. LCI Industries has set its FY 2026 guidance at 8.250-8.750 EPS. On average, equities analysts forecast that LCI Industries will post 8.71 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on LCII shares. Weiss Ratings cut shares of LCI Industries from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, June 4th. Truist Financial cut their price objective on LCI Industries from $135.00 to $114.00 and set a "hold" rating for the company in a research report on Wednesday, July 8th. Roth Capital raised LCI Industries from a "neutral" rating to a "buy" rating and set a $164.00 target price on the stock in a report on Wednesday, May 6th. Stifel Nicolaus decreased their target price on LCI Industries from $137.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Benchmark dropped their price target on LCI Industries from $150.00 to $125.00 and set a "buy" rating for the company in a research note on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $129.88.

LCI Industries Company Profile

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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