The ex-dividend date for Acuity Brands Inc (NYSE:AYI) is tomorrow, October 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $45.45 as of 9:30 a.m., the dividend yield is 1.2%.
NEW YORK ( TheStreet) -- The ex-dividend date for Acuity Brands Inc (NYSE: AYI) is tomorrow, October 14, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $45.45 as of 9:30 a.m. ET, the dividend yield is 1.2%. The average volume for Acuity has been 567,100 shares per day over the past 30 days. Acuity has a market cap of $1.9 billion and is part of the technology sector and electronics industry. Shares are down 20.8% year to date as of the close of trading on Wednesday. Acuity Brands, Inc., through its subsidiaries, engages in the design, production, and distribution of lighting fixtures, lighting controls, and related products and services in North America and internationally. The company has a P/E ratio of 18.2, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Acuity as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Acuity Ratings Report. See our dividend calendar or top-yielding stocks list.