Acuity Brands increases quarterly dividend by 13% to 17 cents per share, payable on February 14, 2025.
Quiver AI Summary
Acuity Brands, Inc. announced a 13 percent increase in its quarterly dividend, raising it from 15 cents to 17 cents per share, payable on February 14, 2025, to shareholders of record by February 3, 2025. The company, recognized as a leader in industrial technology, operates through its Acuity Brands Lighting and Acuity Intelligent Spaces segments, focusing on innovative products and services that enhance people's lives. With a dedicated workforce of about 13,000 and global operations, Acuity Brands aims for growth by developing advanced solutions in lighting, building management, and more, while seeking to expand into new markets.
Potential Positives
- Acuity Brands increased its quarterly dividend by 13 percent, signaling financial strength and a commitment to returning value to shareholders.
- The dividend increase reflects confidence from the Board of Directors in the company’s growth prospects and overall financial health.
- The payment date and record date for the dividend provide a clear timeline for investors, enhancing transparency and predictability for shareholders.
Potential Negatives
- While the increase in dividends can be seen positively, it may also indicate that the company is prioritizing short-term shareholder returns over investing in long-term growth initiatives or innovation.
- The announcement lacks details on the company’s overall financial health or performance metrics, raising questions about the sustainability of this dividend increase amidst potential economic uncertainties.
- There is no mention of any strategic plans or investments to address competitive pressures in the industrial technology market, which could concern investors about future growth prospects.
FAQ
What is the new quarterly dividend for Acuity Brands?
The new quarterly dividend has been increased to 17 cents per share from 15 cents per share.
When will the new dividend be payable?
The new dividend will be payable on February 14, 2025.
What is the record date for the dividend?
Shareholders of record will be on February 3, 2025.
What areas does Acuity Brands operate in?
Acuity Brands operates across North America, Europe, and Asia.
How many associates does Acuity Brands have?
The company is powered by approximately 13,000 dedicated and talented associates.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AYI Insider Trading Activity
$AYI insiders have traded $AYI stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $AYI stock by insiders over the last 6 months:
- BARRY R GOLDMAN (SVP & General Counsel) sold 5,120 shares for an estimated $1,561,600
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$AYI Hedge Fund Activity
We have seen 207 institutional investors add shares of $AYI stock to their portfolio, and 228 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PACER ADVISORS, INC. removed 429,263 shares (-98.1%) from their portfolio in Q4 2024, for an estimated $125,400,600
- DURABLE CAPITAL PARTNERS LP added 420,429 shares (+inf%) to their portfolio in Q3 2024, for an estimated $115,781,942
- FMR LLC removed 400,450 shares (-12.9%) from their portfolio in Q3 2024, for an estimated $110,279,925
- BLACKROCK, INC. removed 161,544 shares (-4.7%) from their portfolio in Q3 2024, for an estimated $44,487,602
- WELLINGTON MANAGEMENT GROUP LLP removed 154,895 shares (-13.2%) from their portfolio in Q3 2024, for an estimated $42,656,534
- INTERVAL PARTNERS, LP added 130,674 shares (+160.7%) to their portfolio in Q3 2024, for an estimated $35,986,312
- CITADEL ADVISORS LLC added 72,728 shares (+267.1%) to their portfolio in Q3 2024, for an estimated $20,028,563
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Atlanta, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Acuity Brands, Inc. (NYSE: AYI) (the “Company”), a market leading industrial technology company, today announced that its Board of Directors (the “Board”) increased its quarterly dividend by 13 percent to 17 cents per share from 15 cents per share. The dividend is payable on February 14, 2025, to shareholders of record on February 3, 2025.
About Acuity Brands
Acuity Brands, Inc. (NYSE: AYI) is a market-leading industrial technology company. We use technology to solve problems in spaces, light, and more things to come. Through our two business segments, Acuity Brands Lighting and Acuity Intelligent Spaces, we design, manufacture, and bring to market products and services that make a valuable difference in people’s lives.
We achieve growth through the development of innovative new products and services, including lighting, lighting controls, building management solutions, and an audio, video and control platform. We achieve customer-focused efficiencies that allow us to increase market share and deliver superior returns. We look to aggressively deploy capital to grow the business and to enter attractive new verticals.
Acuity Brands, Inc. is based in Atlanta, Georgia, with operations across North America, Europe, and Asia. The Company is powered by approximately 13,000 dedicated and talented associates. Visit us at www.acuitybrands.com
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Investor Contact:
Charlotte McLaughlin
Vice President, Investor Relations
(404) 853-1456
[email protected]
Media Contact:
April Appling
Vice President, Corporate Communications & Events
[email protected]