Flexsteel Industries, Inc. Declares Quarterly Dividend of $0.22 (FLXS)
Flexsteel Industries, Inc. (NASDAQ:FLXS) declared a quarterly dividend on Wednesday, September 12th, Wall Street Journal reports. Stockholders of record on Friday, September 21st will be given a dividend of 0.22 per share on Monday, October 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 20th.
Flexsteel Industries has raised its dividend by an average of 9.2% annually over the last three years and has raised its dividend every year for the last 8 years.
Shares of Flexsteel Industries stock opened at $32.80 on Thursday. The firm has a market cap of $265.84 million, a P/E ratio of 14.94 and a beta of 1.79. Flexsteel Industries has a 12 month low of $32.64 and a 12 month high of $53.00.
Separately, BidaskClub upgraded Flexsteel Industries from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 22nd.
An institutional investor recently raised its position in Flexsteel Industries stock. Bank of New York Mellon Corp increased its stake in Flexsteel Industries, Inc. (NASDAQ:FLXS) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,457 shares of the company’s stock after purchasing an additional 1,552 shares during the quarter. Bank of New York Mellon Corp owned about 0.83% of Flexsteel Industries worth $2,612,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 63.88% of the company’s stock.
Flexsteel Industries Company Profile
Flexsteel Industries, Inc, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, and bedroom furniture for use in home, office, hotel, healthcare, and other commercial applications.
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