Acuity Brands Announces Increase in Quarterly Dividend
Acuity Brands (NYSE: AYI) has announced a 13% increase in its quarterly dividend, raising it to 17 cents per share from the previous 15 cents per share.
Sentiment and the balance of points
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Rhea-AI Summary
Acuity Brands (NYSE: AYI) has announced a 13% increase in its quarterly dividend, raising it to 17 cents per share from the previous 15 cents per share. The dividend will be paid on February 14, 2025, to shareholders of record as of February 3, 2025. This decision was approved by the company's Board of Directors, demonstrating the market-leading industrial technology company's commitment to shareholder returns.
Positive
- 13% increase in quarterly dividend payout
- Demonstrates financial strength and commitment to shareholder returns
Negative
- None.
Details
News Market Reaction – AYI
The recorded move for AYI in the trading session of this news was -0.61%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
investorrelations@acuitybrands.com
Media Contact:
April Appling
Vice President, Corporate Communications & Events
corporatecommunications@acuitybrands.com
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