Interface, Inc. to Issue Quarterly Dividend of $0.03 (NASDAQ:TILE)

Interface, Inc. (NASDAQ:TILE) declared a quarterly dividend on Tuesday, May 19th. Shareholders of record on Friday, June 5th will be paid a dividend of 0.03 per share by the textile maker on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, June 5th.

Interface has decreased its dividend 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. Analysts expect Interface to earn $2.33 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 5.2%.

Interface Trading Down 4.0%

Shares of TILE stock opened at $27.37 on Wednesday. The business’s 50 day moving average is $26.99 and its two-hundred day moving average is $28.51. Interface has a twelve month low of $18.74 and a twelve month high of $35.11. The company has a market capitalization of $1.59 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.92. The company has a current ratio of 2.43, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30.

Interface (NASDAQ:TILE) last announced its earnings results on Friday, May 8th. The textile maker reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.08. Interface had a return on equity of 20.09% and a net margin of 8.92%.The company had revenue of $331.04 million for the quarter, compared to the consensus estimate of $320.38 million. During the same period last year, the business posted $0.25 EPS. The company’s revenue was up 11.3% on a year-over-year basis. Equities analysts forecast that Interface will post 2.11 EPS for the current year.

About Interface

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.