LONDON, UK / ACCESSWIRE / December 07, 2017 / Active-Investors has a free review on Daktronics, Inc. (NASDAQ: DAKT) following the Company's announcement that it will begin trading ex-dividend on December 08, 2017. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on December 07, 2017. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on DAKT:
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On December 01, 2017, Daktronics announced that its Board of Directors on November 30, 2017, approved a regular quarterly cash dividend of $0.07 per share. The quarterly dividend will be payable on December 21, 2017, to shareholders of record as of the close of business on December 11, 2017.
Daktronics' indicated dividend represents a yield of 3.00%, which is substantially above the average dividend yield of 1.86% for the Services sector.
Daktronics has a dividend payout ratio of 77.8%, which indicates that the Company spends approximately $0.78 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Daktronics is forecasted to report earnings of $0.41 for the next year, which is substantially above the Company's annualized dividend of $0.28 per share.
Daktronics' cash provided by operating activities in H1 FY18 were $9.3 million compared to cash provided by operating activities of $15.0 million in H1 FY17. The Company's fee cash flow was positive $3.6 million for the first six months of fiscal 2018 compared to a positive free cash flow of $10.5 million for the same period of fiscal 2017.
Daktronics' cash, restricted cash, and marketable securities as of October 28, 2017, were $61.5 million compared to $52.2 million at the end of Q2 FY17. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Daktronics
On November 21, 2017, Daktronics reported Q2 FY18 net sales of $169.3 million; operating income of $9.4 million; and net income of $7.1 million, or $0.16 per diluted share, compared to net sales of $170.0 million; operating income of $12.7 million; and net income of $9.0 million, or $0.20 per diluted share, for Q2 FY17.
The Company's Q2 FY18 orders were $142.3 million compared to $116.9 million for Q2 FY17. Daktronics' Backlog at the end of the reported quarter was $155 million compared to a backlog of $142 million a year earlier and $184 million at the end of Q1 FY18.
Daktronics has strong leadership positions in LED text and graphics displays and related control systems, and it is the world's largest supplier of, large screen video displays, electronic scoreboards,. The Company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation and Transportation, and one International business unit.
Stock Performance Snapshot
December 06, 2017 - At Wednesday's closing bell, Daktronics's stock dropped 1.07%, ending the trading session at $9.22.
Volume traded for the day: 87.36 thousand shares.
After yesterday's close, Daktronics's market cap was at $411.30 million.
Price to Earnings (P/E) ratio was at 36.44.
The stock has a dividend yield of 3.04%.
The stock is part of the Technology sector, categorized under the Computer Based Systems industry. This sector was up 0.4% at the end of the session.
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