Flexsteel Industries, Inc. (FLXS) To Go Ex-Dividend on June 24th

Flexsteel Industries, Inc. (NASDAQ:FLXS) declared a quarterly dividend on Wednesday, June 10th. Investors of record on Wednesday, June 24th will be paid a dividend of 0.25 per share on Monday, July 6th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Wednesday, June 24th. This is a 25.0% increase from Flexsteel Industries’s previous quarterly dividend of $0.20.

Flexsteel Industries has a dividend payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Flexsteel Industries to earn $5.05 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.8%.

Flexsteel Industries Price Performance

NASDAQ FLXS opened at $64.85 on Monday. The business has a fifty day moving average price of $55.24 and a two-hundred day moving average price of $48.64. Flexsteel Industries has a fifty-two week low of $32.65 and a fifty-two week high of $66.24. The stock has a market capitalization of $347.60 million, a PE ratio of 11.75, a PEG ratio of 1.13 and a beta of 0.58.

Flexsteel Industries (NASDAQ:FLXS) last issued its earnings results on Monday, April 20th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.39. Flexsteel Industries had a return on equity of 16.10% and a net margin of 6.79%.The firm had revenue of $115.13 million for the quarter, compared to the consensus estimate of $118.32 million. As a group, sell-side analysts expect that Flexsteel Industries will post 4.78 earnings per share for the current year.

Flexsteel Industries Company Profile

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.