Flexsteel Industries, Inc. (FLXS) To Go Ex-Dividend on December 27th

Flexsteel Industries, Inc. (NASDAQ:FLXS) declared a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Shareholders of record on Saturday, December 28th will be paid a dividend of 0.17 per share on Wednesday, January 8th. This represents a $0.68 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, December 27th.

Flexsteel Industries has raised its dividend by an average of 12.6% per year over the last three years. Flexsteel Industries has a dividend payout ratio of 20.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Flexsteel Industries to earn $3.84 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 17.7%.

Flexsteel Industries Price Performance

Shares of FLXS opened at $57.16 on Wednesday. The business has a 50-day moving average of $57.46 and a 200-day moving average of $44.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.84 and a quick ratio of 1.04. The company has a market capitalization of $297.69 million, a price-to-earnings ratio of 22.59, a price-to-earnings-growth ratio of 1.57 and a beta of 0.40. Flexsteel Industries has a 1 year low of $17.55 and a 1 year high of $65.87.

Flexsteel Industries (NASDAQ:FLXS) last released its quarterly earnings results on Monday, October 21st. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.12. Flexsteel Industries had a net margin of 3.30% and a return on equity of 10.09%. The firm had revenue of $104.01 million during the quarter, compared to analyst estimates of $101.60 million. During the same quarter last year, the business earned $0.14 EPS. As a group, equities research analysts anticipate that Flexsteel Industries will post 3.25 earnings per share for the current year.

About Flexsteel Industries

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.