Interface, Inc. (NASDAQ:TILE) Raises Dividend to $0.03 Per Share

Interface, Inc. (NASDAQ:TILEGet Free Report) declared a quarterly dividend on Monday, February 23rd. Shareholders of record on Friday, March 27th will be given a dividend of 0.03 per share by the textile maker on Friday, April 10th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, March 27th. This is a 50.0% increase from Interface’s previous quarterly dividend of $0.02.

Interface has decreased its dividend payment by an average of 0.3%per year over the last three years. Interface has a dividend payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Interface to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 5.2%.

Interface Stock Down 0.8%

Shares of NASDAQ:TILE traded down $0.26 during midday trading on Wednesday, hitting $31.63. The stock had a trading volume of 56,076 shares, compared to its average volume of 376,309. The company has a market cap of $1.85 billion, a P/E ratio of 16.46, a PEG ratio of 1.05 and a beta of 1.90. The business’s 50-day simple moving average is $30.89 and its 200-day simple moving average is $28.58. Interface has a 12 month low of $17.24 and a 12 month high of $35.11. The company has a quick ratio of 1.70, a current ratio of 2.89 and a debt-to-equity ratio of 0.49.

Interface (NASDAQ:TILEGet Free Report) last issued its earnings results on Tuesday, February 24th. The textile maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.09. Interface had a net margin of 8.27% and a return on equity of 19.30%. The company had revenue of $349.39 million for the quarter, compared to analysts’ expectations of $350.54 million. During the same period in the prior year, the firm earned $0.34 EPS. Interface’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, sell-side analysts forecast that Interface will post 1.37 earnings per share for the current fiscal year.

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Interface Company Profile

(Get Free Report)

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.

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Dividend History for Interface (NASDAQ:TILE)

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