Interface, Inc. (TILE) Plans Quarterly Dividend of $0.07

Interface, Inc. (NASDAQ:TILE) declared a quarterly dividend on Wednesday, February 21st, RTT News reports. Stockholders of record on Friday, March 9th will be paid a dividend of 0.065 per share by the textile maker on Friday, March 23rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.10%.

Shares of Interface (TILE) traded down $0.05 during trading hours on Wednesday, hitting $23.65. 274,000 shares of the stock were exchanged, compared to its average volume of 366,553. The stock has a market capitalization of $1,427.95, a price-to-earnings ratio of 27.82 and a beta of 1.29. Interface has a fifty-two week low of $17.50 and a fifty-two week high of $26.25. The company has a current ratio of 2.51, a quick ratio of 1.40 and a debt-to-equity ratio of 0.66.

A number of equities analysts have recently commented on the stock. ValuEngine raised shares of Interface from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub lowered shares of Interface from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Nomura raised their target price on shares of Interface from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Interface from a “buy” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $23.00 price objective on shares of Interface in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Interface presently has an average rating of “Hold” and a consensus target price of $25.67.

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About Interface

Interface Inc is engaged in design, production and sale of modular carpet, also known as carpet tile. As of January 1, 2017, the Company marketed its modular carpets in over 110 countries under the brand names Interface and FLOR. The Company operates through three segments: Americas, Europe and Asia-Pacific.

Dividend History for Interface (NASDAQ:TILE)

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