Flexsteel Industries, Inc. (FLXS) Declares Dividend Increase – $0.22 Per Share
Flexsteel Industries, Inc. (NASDAQ:FLXS) announced a quarterly dividend on Tuesday, September 12th, NASDAQ reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.22 per share on Friday, October 6th. This represents a $0.88 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 21st. This is a positive change from Flexsteel Industries’s previous quarterly dividend of $0.20.
Flexsteel Industries (FLXS) traded up 2.1655% during midday trading on Wednesday, hitting $47.8543. The company’s stock had a trading volume of 63,412 shares. The firm has a market cap of $374.36 million, a P/E ratio of 15.8458 and a beta of 2.04. The company’s 50 day moving average price is $50.09 and its 200 day moving average price is $51.65. Flexsteel Industries has a 12 month low of $39.98 and a 12 month high of $62.99.
Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Tuesday, August 15th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.11). Flexsteel Industries had a net margin of 5.07% and a return on equity of 10.71%. The business had revenue of $117.43 million for the quarter. Analysts expect that Flexsteel Industries will post $3.24 EPS for the current year.
Separately, BidaskClub cut shares of Flexsteel Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
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About Flexsteel Industries
Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.
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