Acuity Brands Declares Quarterly Dividend

Rhea-AI Summary

Acuity Brands, Inc. (NYSE: AYI) announced a quarterly dividend of 13 cents per share, payable on May 1, 2023, to shareholders on record as of April 17, 2023. The company, a leader in industrial technology, operates two main segments: Acuity Brands Lighting and Lighting Controls and the Intelligent Spaces Group. They focus on innovation in products and services related to lighting and building management systems, aiming for market share growth and superior returns. Acuity is headquartered in Atlanta and employs over 13,000 associates globally.

Positive

• Quarterly dividend of 13 cents per share declared.
• Dividend payment planned for May 1, 2023, indicating ongoing return of capital to shareholders.
• Focus on innovation and market expansion could enhance shareholder value.

Negative

• None.

Atlanta, March 30, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Acuity Brands, Inc. (NYSE: AYI; "Company") today declared a quarterly dividend of 13 cents per share. The dividend is payable on May 1, 2023, to shareholders of record on April 17, 2023.

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 Lighting Controls (ABL) and the Intelligent Spaces Group (ISG), 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 systems, and location-aware applications. 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 more than 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

FAQ

What is the dividend amount declared by AYI?

Acuity Brands declared a dividend of 13 cents per share.

When is the AYI dividend payment date?

The dividend is payable on May 1, 2023.

Who are the shareholders of record for the AYI dividend?

Shareholders of record on April 17, 2023, will receive the dividend.

How does Acuity Brands plan to achieve growth?

Acuity Brands aims for growth through innovative product development and entering new verticals.