Flexsteel Industries, Inc. (FLXS) to Issue Quarterly Dividend of $0.20 on April 9th

Flexsteel Industries, Inc. (NASDAQ:FLXS) declared a quarterly dividend on Tuesday, March 10th. Shareholders of record on Monday, March 30th will be given a dividend of 0.20 per share on Thursday, April 9th. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, March 30th.

Flexsteel Industries has a dividend payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Flexsteel Industries to earn $4.04 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 19.8%.

Flexsteel Industries Stock Performance

FLXS stock opened at $46.02 on Thursday. The firm has a market cap of $246.21 million, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 0.95 and a beta of 0.47. Flexsteel Industries has a 1 year low of $29.38 and a 1 year high of $59.95. The stock has a 50-day simple moving average of $46.66 and a 200-day simple moving average of $43.33.

Flexsteel Industries (NASDAQ:FLXS) last issued its earnings results on Monday, February 2nd. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.39. Flexsteel Industries had a return on equity of 16.67% and a net margin of 4.58%.The firm had revenue of $118.25 million for the quarter, compared to analyst estimates of $107.51 million. On average, equities research analysts predict that Flexsteel Industries will post 3.53 EPS for the current year.

About Flexsteel Industries

Flexsteel Industries, Inc (NASDAQ: FLXS) is a U.S.-based furniture manufacturer specializing in the design, production, and marketing of residential upholstered furniture and wood casegoods. The company operates through two primary segments: Upholstery, which encompasses seating products such as sofas, loveseats, chairs, recliners, and sectionals; and Casegoods, which includes accent and occasional tables, cabinets, bookcases, and other wood-based furnishings. Flexsteel sells its products through a network of independent retailers, furniture stores, and distributors across North America.

Flexsteel’s upholstery segment is distinguished by its patented Blue Steel Spring® technology, which offers enhanced longevity and comfort by replacing conventional webbing and springs with a welded steel seat suspension.