Flexsteel Industries, Inc. Announces Quarterly Dividend of $0.25 (NASDAQ:FLXS)

Flexsteel Industries, Inc. (NASDAQ:FLXS) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.25 per share on Monday, October 12th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, September 30th.

Flexsteel Industries has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Flexsteel Industries has a payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Flexsteel Industries to earn $6.05 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 16.5%.

Flexsteel Industries Price Performance

FLXS stock opened at $82.11 on Wednesday. The company has a 50 day moving average price of $77.18 and a 200 day moving average price of $62.52. Flexsteel Industries has a fifty-two week low of $34.00 and a fifty-two week high of $88.49. The stock has a market capitalization of $439.78 million, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.29 and a beta of 0.57.

Flexsteel Industries (NASDAQ:FLXS) last announced its quarterly earnings data on Monday, August 17th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.24. The firm had revenue of $115.37 million for the quarter, compared to analyst estimates of $109.51 million. Flexsteel Industries had a return on equity of 16.11% and a net margin of 7.21%. As a group, equities analysts expect that Flexsteel Industries will post 5.29 earnings per share for the current fiscal year.

Flexsteel Industries Company Profile

Flexsteel Industries, Inc is a furniture manufacturer and distributor headquartered in Dubuque, Iowa. Founded in 1893, the company develops and sells residential furniture under the Flexsteel brand, with a focus on upholstered seating and furnishings for living rooms, family rooms, bedrooms, dining areas and home offices.

Its product portfolio includes sofas, sectionals, recliners, chairs, mattresses, beds, dressers, dining tables, dining chairs and occasional furniture. Flexsteel is known for its Blue Steel Spring seating technology, which is incorporated into many of its upholstered furniture products.