Ethan Allen Interiors Inc. to Issue Special Dividend of $3.00 (NYSE:ETD)

Ethan Allen Interiors Inc. (NYSE:ETD) declared a special dividend on Wednesday, August 19th. Investors of record on Thursday, September 3rd will be paid a dividend of 3.00 per share on Thursday, September 17th. The ex-dividend date is Thursday, September 3rd.

Ethan Allen Interiors has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Ethan Allen Interiors has a dividend payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings.

Ethan Allen Interiors Trading Up 1.2%

Ethan Allen Interiors stock opened at $22.64 on Thursday. The firm has a 50 day moving average of $22.45 and a 200 day moving average of $22.12. The firm has a market capitalization of $576.19 million, a price-to-earnings ratio of 14.51 and a beta of 1.02. Ethan Allen Interiors has a 12-month low of $18.28 and a 12-month high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.02. The business had revenue of $146.75 million for the quarter, compared to the consensus estimate of $148.70 million. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.49 earnings per share. On average, analysts predict that Ethan Allen Interiors will post 1.35 EPS for the current year.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.