Interface, Inc. (TILE) to Issue Quarterly Dividend of $0.03 on April 10th

Interface, Inc. (NASDAQ:TILE) declared a quarterly dividend on Monday, February 23rd. Stockholders of record on Friday, March 27th will be given a dividend of 0.03 per share by the textile maker on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, March 27th. This is a 50.0% increase from Interface’s previous quarterly dividend of $0.02.

Interface has decreased its dividend payment by an average of 0.1%per year over the last three years. Interface has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Interface to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 7.7%.

Interface Trading Down 0.2%

Shares of NASDAQ:TILE opened at $25.65 on Wednesday. The stock has a market capitalization of $1.49 billion, a PE ratio of 13.09, a P/E/G ratio of 0.84 and a beta of 1.87. Interface has a 1 year low of $17.24 and a 1 year high of $35.11. The firm has a fifty day moving average price of $30.60 and a 200 day moving average price of $28.75. The company has a current ratio of 2.34, a quick ratio of 1.18 and a debt-to-equity ratio of 0.27.

Interface (NASDAQ:TILE) last posted its earnings results on Tuesday, February 24th. The textile maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09. Interface had a return on equity of 19.54% and a net margin of 8.37%.The company had revenue of $349.39 million for the quarter, compared to analyst estimates of $350.54 million. During the same period last year, the company earned $0.34 earnings per share. The business’s revenue was up 4.3% compared to the same quarter last year. Analysts expect that Interface will post 1.37 EPS for the current fiscal year.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.