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

LCI Industries (NYSE:LCII) declared a quarterly dividend on Wednesday, February 19th, RTT News reports. Stockholders of record on Friday, March 7th will be given a dividend of 1.15 per share on Friday, March 21st. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Friday, March 7th.

LCI Industries has raised its dividend payment by an average of 7.6% annually over the last three years. LCI Industries has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE:LCII opened at $96.92 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 2.82 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 17.29 and a beta of 1.44. The firm has a 50 day moving average of $104.65 and a 200 day moving average of $112.35. LCI Industries has a 52 week low of $95.80 and a 52 week high of $129.38.

LCI Industries (NYSE:LCII) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.31 by $0.06. LCI Industries had a return on equity of 10.28% and a net margin of 3.82%. On average, sell-side analysts predict that LCI Industries will post 6.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. StockNews.com lowered shares of LCI Industries from a “buy” rating to a “hold” rating in a research note on Saturday, February 15th. CJS Securities upgraded shares of LCI Industries from a “market perform” rating to an “outperform” rating and set a $145.00 target price for the company in a research note on Wednesday, February 12th. Finally, Truist Financial increased their price target on shares of LCI Industries from $102.00 to $108.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $121.50.

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.