Hooker Furniture Corporation (NASDAQ:HOFT) announced a quarterly dividend on Wednesday, August 30th, Wall Street Journal reports. Shareholders of record on Friday, September 15th will be paid a dividend of 0.12 per share on Friday, September 29th. This represents a $0.48 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Thursday, September 14th.

Shares of Hooker Furniture Corporation (NASDAQ HOFT) traded down 1.04% during midday trading on Wednesday, hitting $43.00. 22,502 shares of the company’s stock traded hands. Hooker Furniture Corporation has a 1-year low of $24.06 and a 1-year high of $46.60. The firm has a market capitalization of $497.55 million, a price-to-earnings ratio of 16.67 and a beta of 0.62. The company has a 50 day moving average price of $42.01 and a 200 day moving average price of $39.80.

Hooker Furniture Corporation (NASDAQ:HOFT) last announced its quarterly earnings results on Thursday, September 7th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Hooker Furniture Corporation had a net margin of 4.94% and a return on equity of 15.28%. The firm had revenue of $156.31 million during the quarter, compared to the consensus estimate of $148.56 million. During the same period last year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts anticipate that Hooker Furniture Corporation will post $2.78 earnings per share for the current year.

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Separately, BidaskClub raised shares of Hooker Furniture Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th.

In other Hooker Furniture Corporation news, Director E Larry Ryder sold 5,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $44.41, for a total value of $222,050.00. Following the completion of the transaction, the director now directly owns 20,780 shares of the company’s stock, valued at $922,839.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Hooker Furniture Corporation Company Profile

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other.

Dividend History for Hooker Furniture Corporation (NASDAQ:HOFT)

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