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

Key Points

• LCI Industries has declared a quarterly dividend of $1.15 per share, which will be paid to stockholders on September 12th, reflecting an annualized dividend yield of 4.5%.
• The company's payout ratio stands at 64.4%, suggesting that its dividend is well-supported by earnings, with expectations to continue covering the annual dividend of $4.60.
• Shares of LCI Industries traded down 1.3% to $102.12, with analysts projecting earnings per share of $7.60 for next year, indicating potential growth despite recent market fluctuations.

LCI Industries (NYSE:LCII - Get Free Report) declared a quarterly dividend on Monday, August 18th, Wall Street Journal reports. Shareholders of record on Friday, August 29th will be given a dividend of 1.15 per share on Friday, September 12th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Friday, August 29th.

LCI Industries has a payout ratio of 64.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect LCI Industries to earn $7.60 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 60.5%.

LCI Industries Stock Performance

NYSE:LCII traded up $5.8370 during trading hours on Friday, reaching $107.4470. 397,400 shares of the stock were exchanged, compared to its average volume of 335,296. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68. The firm has a 50 day simple moving average of $97.02 and a 200-day simple moving average of $92.32. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The stock has a market capitalization of $2.60 billion, a P/E ratio of 17.94 and a beta of 1.25.

LCI Industries (NYSE:LCII - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $0.17. LCI Industries had a return on equity of 11.57% and a net margin of 3.93%.The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business posted $2.40 EPS. LCI Industries's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts forecast that LCI Industries will post 6.76 earnings per share for the current fiscal year.

Institutional Trading of LCI Industries

Hedge funds have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in LCI Industries during the 2nd quarter valued at $26,000. SVB Wealth LLC bought a new stake in LCI Industries during the 1st quarter valued at $28,000. Signaturefd LLC raised its stake in LCI Industries by 591.5% during the 2nd quarter. Signaturefd LLC now owns 325 shares of the company's stock valued at $30,000 after acquiring an additional 278 shares in the last quarter. LRI Investments LLC raised its stake in LCI Industries by 345.6% during the 4th quarter. LRI Investments LLC now owns 401 shares of the company's stock valued at $41,000 after acquiring an additional 311 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its position in shares of LCI Industries by 535.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 521 shares of the company's stock valued at $46,000 after purchasing an additional 439 shares during the period. Institutional investors own 99.71% of the company's stock.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies engineered components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates through two segments: Original Equipment Manufacturers (OEM) and Aftermarket.