Interface, Inc. Declares Quarterly Dividend of $0.03 (NASDAQ:TILE)

Interface, Inc. (NASDAQ:TILE) announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Friday, June 5th will be given a dividend of 0.03 per share by the textile maker on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, June 5th.

Interface has decreased its dividend by an average of 0.1%annually over the last three years. Interface has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Interface to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.2%.

Interface Trading Down 4.0%

NASDAQ TILE opened at $27.37 on Wednesday. Interface has a 1-year low of $18.74 and a 1-year high of $35.11. The firm has a market cap of $1.59 billion, a PE ratio of 12.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.92. The company has a current ratio of 2.43, a quick ratio of 1.16 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average of $26.99 and a 200-day moving average of $28.51.

Interface (NASDAQ:TILE) last announced its quarterly earnings results on Friday, May 8th. The textile maker reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. Interface had a return on equity of 20.09% and a net margin of 8.92%.The company had revenue of $331.04 million for the quarter, compared to the consensus estimate of $320.38 million. During the same quarter in the previous year, the business earned $0.25 EPS. Interface’s revenue was up 11.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Interface will post 2.11 EPS for the current year.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.