Ethan Allen Interiors Inc. (ETD) to Distribute Special Dividend of $3.00 on September 17th

Ethan Allen Interiors Inc. (NYSE:ETD) declared a special dividend on Wednesday, August 19th. Shareholders of record on Thursday, September 3rd will be paid a dividend of 3.00 per share on Thursday, September 17th. The ex-dividend date is Thursday, September 3rd.

Ethan Allen Interiors has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Ethan Allen Interiors has a dividend payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings.

Ethan Allen Interiors Stock Performance

ETD stock opened at $22.88 on Friday. The company has a fifty day moving average price of $22.46 and a 200-day moving average price of $22.12. The company has a market capitalization of $582.30 million, a P/E ratio of 14.67 and a beta of 1.02. Ethan Allen Interiors has a 52-week low of $18.28 and a 52-week high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The company had revenue of $146.75 million for the quarter, compared to analyst estimates of $148.70 million. During the same quarter in the previous year, the business earned $0.49 earnings per share. Ethan Allen Interiors’s revenue was down 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Ethan Allen Interiors will post 1.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ethan Allen Interiors

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Ethan Allen Interiors during the second quarter worth $54,163,000. Vanguard Group Inc. boosted its position in Ethan Allen Interiors by 1.9% during the third quarter. Vanguard Group Inc. now owns 1,760,093 shares of the company’s stock valued at $51,852,000 after acquiring an additional 32,751 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Ethan Allen Interiors by 8.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,132,118 shares of the company’s stock valued at $25,858,000 after acquiring an additional 83,903 shares during the last quarter. Royce & Associates LP grew its holdings in Ethan Allen Interiors by 3.8% during the 4th quarter. Royce & Associates LP now owns 613,545 shares of the company’s stock worth $14,013,000 after acquiring an additional 22,390 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Ethan Allen Interiors by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 613,308 shares of the company’s stock worth $14,008,000 after acquiring an additional 7,972 shares in the last quarter. 83.80% of the stock is owned by institutional investors.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.