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

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. Stockholders of record on Friday, August 29th will be paid a dividend of 1.15 per share on Friday, September 12th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, August 29th.

LCI Industries has a payout ratio of 64.4% indicating that 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 Down 1.3%

Shares of NYSE LCII traded down $1.31 during midday trading on Monday, hitting $102.12. The stock had a trading volume of 255,039 shares, compared to its average volume of 392,318. The business's 50 day moving average is $95.72 and its 200-day moving average is $92.23. The company has a market cap of $2.48 billion, a P/E ratio of 17.05 and a beta of 1.25. LCI Industries has a 52 week low of $72.31 and a 52 week high of $129.38. The company has a quick ratio of 1.34, a current ratio of 2.80 and a debt-to-equity ratio of 0.68.

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

LCI Industries declared that its Board of Directors has authorized a share buyback plan on Thursday, May 15th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 13.4% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

About LCI Industries

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.

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