LCI Industries to Issue Quarterly Dividend of $0.65 (NYSE:LCII)

LCI Industries (NYSE:LCII) announced a quarterly dividend on Friday, May 22nd, Wall Street Journal reports. Shareholders of record on Friday, June 5th will be paid a dividend of 0.65 per share on Friday, June 19th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, June 4th.

LCI Industries has raised its dividend payment by an average of 8.2% annually over the last three years and has increased its dividend every year for the last 3 years. LCI Industries has a payout ratio of 102.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect LCI Industries to earn $4.96 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 52.4%.

NYSE LCII opened at $94.27 on Friday. The company has a current ratio of 2.56, a quick ratio of 1.40 and a debt-to-equity ratio of 1.03. LCI Industries has a 1-year low of $55.29 and a 1-year high of $116.51. The firm’s fifty day simple moving average is $77.75 and its 200-day simple moving average is $95.29. The company has a market capitalization of $2.37 billion, a PE ratio of 16.37 and a beta of 1.70.

LCI Industries (NYSE:LCII) last issued its earnings results on Tuesday, May 5th. The company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.30). LCI Industries had a net margin of 5.75% and a return on equity of 18.49%. The firm had revenue of $659.67 million during the quarter, compared to analysts’ expectations of $658.42 million. During the same quarter last year, the firm earned $1.38 EPS. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, analysts predict that LCI Industries will post 2.26 EPS for the current year.

A number of equities analysts recently commented on LCII shares. TheStreet downgraded LCI Industries from a “b-” rating to a “c” rating in a report on Tuesday, March 31st. Sidoti downgraded shares of LCI Industries from a “buy” rating to a “neutral” rating in a research report on Thursday, May 7th. Robert W. Baird increased their price target on shares of LCI Industries from $76.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 6th. Wolfe Research initiated coverage on shares of LCI Industries in a research note on Friday, April 17th. They issued an “outperform” rating and a $86.00 price objective for the company. Finally, CL King raised LCI Industries from a “neutral” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Thursday, March 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $102.67.

LCI Industries Company Profile

LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally. It operates in two segments, Original Equipment Manufacturers (OEM) and Aftermarket. The OEM segment manufactures or distributes various components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; travel trailers, fifth-wheel travel trailers, folding camping trailers, and truck campers; trucks; pontoon boats; trains; manufactured homes; and modular housing.

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Dividend History for LCI Industries (NYSE:LCII)

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