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

Acuity, Inc. (NYSE:AYI – Get Free Report) announced a quarterly dividend on Wednesday, June 24th. Shareholders of record on Friday, July 17th will be given a dividend of 0.20 per share by the electronics maker on Monday, August 3rd. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, July 17th.

Acuity has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 3 years. Acuity has a dividend payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Acuity to earn $19.82 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 4.0%.

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Acuity Stock Up 3.0%

AYI stock opened at $307.75 on Thursday. Acuity has a fifty-two week low of $257.04 and a fifty-two week high of $380.17. The company has a market capitalization of $9.33 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 1.66 and a beta of 1.31. The business’s 50 day moving average price is $294.84 and its two-hundred day moving average price is $307.81. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 2.07.

Acuity (NYSE:AYI – Get Free Report) last released its earnings results on Thursday, June 25th. The electronics maker reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $5.20 by $0.11. Acuity had a return on equity of 20.74% and a net margin of 9.37%.The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. As a group, analysts forecast that Acuity will post 18.03 earnings per share for the current fiscal year.

About Acuity

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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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