Ethan Allen Interiors Inc. (NYSE:ETD) Plans Special Dividend of $3.00

Ethan Allen Interiors Inc. (NYSE:ETD) announced a special dividend on Wednesday, August 19th. Stockholders of record on Thursday, September 3rd will be given a dividend of 3.00 per share on Thursday, September 17th. The ex-dividend date of this dividend is Thursday, September 3rd.

Ethan Allen Interiors has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Ethan Allen Interiors has a payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD opened at $22.64 on Thursday. The firm has a market capitalization of $576.19 million, a price-to-earnings ratio of 14.51 and a beta of 1.02. The stock has a 50 day moving average price of $22.45 and a 200 day moving average price of $22.12. Ethan Allen Interiors has a 52-week low of $18.28 and a 52-week high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $146.75 million for the quarter, compared to the consensus estimate of $148.70 million. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.Ethan Allen Interiors’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Analysts forecast that Ethan Allen Interiors will post 1.35 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC purchased a new stake in Ethan Allen Interiors in the first quarter valued at about $1,958,000. Teacher Retirement System of Texas raised its position in shares of Ethan Allen Interiors by 34.9% in the 4th quarter. Teacher Retirement System of Texas now owns 311,066 shares of the company’s stock valued at $7,105,000 after purchasing an additional 80,529 shares during the last quarter. Fifth Third Bancorp boosted its stake in Ethan Allen Interiors by 2,144.5% in the 1st quarter. Fifth Third Bancorp now owns 40,042 shares of the company’s stock worth $891,000 after purchasing an additional 38,258 shares in the last quarter. Sei Investments Co. purchased a new stake in Ethan Allen Interiors during the 1st quarter worth approximately $938,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Ethan Allen Interiors by 52.2% in the first quarter. Janney Montgomery Scott LLC now owns 87,384 shares of the company’s stock worth $1,945,000 after buying an additional 29,958 shares during the last quarter. 83.80% of the stock is currently owned by hedge funds and other institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.