How To Earn $500 A Month From Acuity Brands Stock Following Upbeat Earnings
Portfolio Pulse from Priya Nigam
Acuity Brands, Inc. (NYSE:AYI) reported better-than-expected quarterly earnings, with an adjusted EPS of $3.97, beating the consensus of $3.72. However, the company's net sales declined by 9% YoY to $1.01 billion, slightly missing the consensus of $1.02 billion. The company's dividend yield is currently at 0.29%, with a quarterly dividend amount of 13 cents a share. The article also explains how an investor can earn a monthly income from Acuity Brands' dividends.
October 05, 2023 | 1:36 pm
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Acuity Brands reported better-than-expected earnings but a decline in net sales. The company's dividend yield is currently at 0.29%.
The better-than-expected earnings report is likely to have a positive impact on Acuity Brands' stock in the short term. However, the decline in net sales could be a concern for some investors. The company's dividend yield could also be attractive to income-focused investors.
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