Hooker Furniture Corporation (HOFT) Raises Dividend to $0.14 Per Share

Hooker Furniture Corporation (NASDAQ:HOFT) declared a quarterly dividend on Thursday, December 7th, NASDAQ reports. Stockholders of record on Monday, December 18th will be paid a dividend of 0.14 per share on Friday, December 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, December 15th. This is a positive change from Hooker Furniture’s previous quarterly dividend of $0.12.

Hooker Furniture (HOFT) opened at $46.70 on Friday. The company has a market cap of $600.17, a P/E ratio of 19.70 and a beta of 0.64. Hooker Furniture has a 1 year low of $29.75 and a 1 year high of $52.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.47 and a current ratio of 4.08.

Hooker Furniture (NASDAQ:HOFT) last issued its earnings results on Thursday, September 7th. The company reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.06. Hooker Furniture had a net margin of 4.94% and a return on equity of 15.28%. The business had revenue of $156.31 million for the quarter, compared to analyst estimates of $148.56 million. During the same period last year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year.

Separately, BidaskClub downgraded shares of Hooker Furniture from a “buy” rating to a “hold” rating in a research note on Friday, August 18th.

In other Hooker Furniture news, insider Michael W. Delgatti sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $43.58, for a total value of $217,900.00. Following the completion of the sale, the insider now directly owns 33,525 shares in the company, valued at $1,461,019.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael W. Delgatti sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $43.03, for a total transaction of $430,300.00. Following the completion of the sale, the insider now owns 28,425 shares of the company’s stock, valued at $1,223,127.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 56,607 shares of company stock worth $2,506,409. Insiders own 2.90% of the company’s stock.

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About Hooker Furniture

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other.

Dividend History for Hooker Furniture (NASDAQ:HOFT)

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