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Acuity Brands Inc   (AYI)
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 AYI $258.5400 $1.8400 0.72%

 Volume (M): 413   Open : 255.74    52 Wk Avg :  182.84

 
 AYI $258.5400 $1.8400 0.72%

 Volume (M): 413   Open : 255.74    52 Wk Avg :  182.84




AYI Today's High: $258.795 AYI Shares One Week Perf: 1.54 %
AYI Today's Low: $ 254.48 AYI Shares 30 Day Performance: 6.57 %
Number of AYI Shares Traded (M): 413 AYI Share Price 52 Wk High: $ 264.30
Value of AYI's Shares Traded (M$): $ 106,880 AYI Share Price 52 Wk Avg: $182.84
Share Price at the Open: $255.74 AYI's Share Price 52 Wk Low: $149.30



  News about Acuity Brands Inc's Stock Splits and Dividends

Acuity Brands Emerges Strong: Dividend Boost and Expanded Share Repurchases Signal Radiant Outlook.


The firm?s Board of Directors announced a 15% increase in its quarterly dividend, raising it from 13 cents per share to 15 cents per share. This increase will be effective on February 14, 2024, and applicable to those shareholders recorded as of February 5, 2024.
Alongside this dividend increase, Acuity Brands also disclosed an approval for additional share repurchases. The authorization to buy back up to three million more shares of common stock heightens the outstanding authorization to about 3.9 million shares.
The aforementioned actions come following an observable surge in Acuity Brands' earnings per share in the first quarter of 2024. The organization?s 12-Month dividend payout ratio, which measures the percentage of earnings a company returns to its shareholders in the form of dividends, dropped to 5.66%, sequentially. This decrease, occurring amidst rising earnings, triggers questions around the possibility of the company further increasing its dividends in the future.

Acuity Brands Inc.: A Potential Future Dividend Increaser

Acuity Brands Declares Quarterly Dividend
Atlanta, Sept. 28, 2023 ? Acuity Brands, Inc. (NYSE: AYI; Company) has announced that its Board of Directors has declared a quarterly dividend of 13 cents per share. This dividend is payable on November 1, 2023, to shareholders of record on October 18, 2023. As of the writing of this article, Acuity Brands Inc's 12 Months dividend payout ratio for the third quarter of 2023 stands at 4.48%, reflecting a decrease from the previous quarter. It is worth noting that this decrease is unsurprising given the consistent rise in earnings per share for Acuity Brands Inc. With the current payout ratio remaining below the company's average, the question arises as to whether Acuity Brands Inc will increase the dividend in the near future.
When comparing Acuity Brands Inc's performance to its peers in the Consumer Discretionary sector, it becomes evident that there are 64 companies with a higher 12 Months dividend payout ratio. This suggests that Acuity Brands Inc may have room for potential dividend growth, as it currently ranks higher than 1417 among all other companies in the second quarter of 2023.





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