Flexsteel Industries, Inc. (FLXS) to Issue Quarterly Dividend of $0.22

Flexsteel Industries, Inc. (NASDAQ:FLXS) declared a quarterly dividend on Wednesday, March 7th, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be given a dividend of 0.22 per share on Monday, April 2nd. This represents a $0.88 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, March 15th.

Shares of Flexsteel Industries (FLXS) opened at $39.50 on Thursday. Flexsteel Industries has a 52-week low of $37.52 and a 52-week high of $57.79. The stock has a market capitalization of $315.67, a PE ratio of 13.49 and a beta of 1.88.

Flexsteel Industries (NASDAQ:FLXS) last announced its earnings results on Thursday, January 25th. The company reported $0.62 earnings per share (EPS) for the quarter. Flexsteel Industries had a return on equity of 10.17% and a net margin of 5.34%. The business had revenue of $129.39 million for the quarter.

Separately, BidaskClub lowered Flexsteel Industries from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st.

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Flexsteel Industries Company Profile

Flexsteel Industries, Inc is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office.

Dividend History for Flexsteel Industries (NASDAQ:FLXS)

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