Flexsteel Industries, Inc. to Issue Quarterly Dividend of $0.20 (NASDAQ:FLXS)

by · The Cerbat Gem

Flexsteel Industries, Inc. (NASDAQ:FLXS – Get Free Report) declared a quarterly dividend on Tuesday, December 9th. Investors of record on Monday, December 29th will be paid a dividend of 0.20 per share on Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, December 29th.

Flexsteel Industries has a payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Flexsteel Industries to earn $4.04 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 19.8%.

Flexsteel Industries Trading Up 2.5%

Shares of NASDAQ FLXS opened at $41.05 on Wednesday. The company has a fifty day moving average price of $38.38 and a 200 day moving average price of $38.80. The firm has a market cap of $219.21 million, a PE ratio of 9.99, a PEG ratio of 0.94 and a beta of 0.55. Flexsteel Industries has a 1-year low of $29.38 and a 1-year high of $65.87.

Flexsteel Industries (NASDAQ:FLXS – Get Free Report) last announced its quarterly earnings data on Monday, October 20th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.53. The business had revenue of $110.44 million for the quarter, compared to analyst estimates of $105.38 million. Flexsteel Industries had a net margin of 5.22% and a return on equity of 16.28%. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Equities research analysts forecast that Flexsteel Industries will post 3.53 EPS for the current year.

About Flexsteel Industries

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Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.

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