Culp, Inc. (CULP) Declares Quarterly Dividend of $0.08
Culp, Inc. (NYSE:CULP) declared a quarterly dividend on Thursday, August 31st, Zacks reports. Stockholders of record on Monday, October 2nd will be paid a dividend of 0.08 per share by the textile maker on Monday, October 16th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, September 29th.
Culp (NYSE:CULP) opened at 29.00 on Friday. Culp has a 12 month low of $26.80 and a 12 month high of $37.80. The stock’s 50 day moving average price is $29.76 and its 200-day moving average price is $31.69. The stock has a market cap of $358.35 million, a price-to-earnings ratio of 16.29 and a beta of 0.23.
Culp (NYSE:CULP) last posted its earnings results on Tuesday, June 13th. The textile maker reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.04. The company had revenue of $77.35 million for the quarter, compared to the consensus estimate of $76.32 million. Culp had a return on equity of 16.09% and a net margin of 7.14%. Equities research analysts predict that Culp will post $1.96 EPS for the current year.
Separately, ValuEngine downgraded Culp from a “buy” rating to a “hold” rating in a research report on Friday, June 9th.
Culp Company Profile
Culp, Inc is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture.
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