Interface, Inc. (TILE) to Issue Quarterly Dividend of $0.03 on September 18th

Interface, Inc. (NASDAQ:TILE) declared a quarterly dividend on Thursday, August 20th. Investors of record on Friday, September 4th will be given a dividend of 0.03 per share by the textile maker on Friday, September 18th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th.

Interface has decreased its dividend by an average of 0.1%per year over the last three years. Interface has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Interface to earn $2.50 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 4.8%.

Interface Trading Down 2.4%

Shares of NASDAQ TILE opened at $37.00 on Wednesday. Interface has a 1-year low of $24.40 and a 1-year high of $40.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.53 and a quick ratio of 1.35. The business’s 50 day moving average is $35.61 and its two-hundred day moving average is $31.17. The stock has a market capitalization of $2.15 billion, a P/E ratio of 14.98, a PEG ratio of 1.07 and a beta of 1.92.

Interface (NASDAQ:TILE) last released its earnings results on Friday, August 7th. The textile maker reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.24. The firm had revenue of $395.70 million for the quarter, compared to the consensus estimate of $391.22 million. Interface had a return on equity of 21.77% and a net margin of 10.10%.The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, research analysts expect that Interface will post 2.36 EPS for the current year.

Interface Company Profile

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.