Ethan Allen Interiors Inc. (NYSE:ETD) Declares $3.00 Special Dividend

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

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

Ethan Allen Interiors Stock Performance

Shares of NYSE:ETD opened at $22.64 on Thursday. The firm has a market cap of $576.19 million, a PE ratio of 14.51 and a beta of 1.02. The firm’s 50 day simple moving average is $22.45 and its 200-day simple moving average is $22.12. Ethan Allen Interiors has a one year low of $18.28 and a one year high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last posted 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. Ethan Allen Interiors had a net margin of 6.88% and a return on equity of 7.88%. The firm had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. During the same quarter in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was down 8.5% on a year-over-year basis. Equities research analysts predict that Ethan Allen Interiors will post 1.35 EPS for the current fiscal 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.