Interface, Inc. (NASDAQ:TILE) Declares $0.03 Quarterly Dividend

Interface, Inc. (NASDAQ:TILE) announced a quarterly dividend on Thursday, August 20th. Investors of record on Friday, September 4th will be given a dividend of 0.03 per share by the textile maker on Friday, September 18th. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th.

Interface has decreased its dividend by an average of 0.1%annually over the last three years. Interface has a payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interface to earn $2.54 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 4.7%.

Interface Price Performance

Shares of TILE stock opened at $39.08 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.53 and a quick ratio of 1.35. The company has a market capitalization of $2.27 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.90. The firm’s 50-day moving average is $34.59 and its two-hundred day moving average is $30.91. Interface has a 12 month low of $24.40 and a 12 month high of $40.50.

Interface (NASDAQ:TILE) last posted its quarterly earnings results on Friday, August 7th. The textile maker reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.24. The business had revenue of $395.70 million during the quarter, compared to analysts’ expectations of $391.22 million. Interface had a net margin of 10.10% and a return on equity of 21.77%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. Analysts predict that Interface will post 2.36 earnings per share for the current 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.