Ethan Allen Interiors Inc. (NYSE:ETD) to Issue Special Dividend of $0.25

Ethan Allen Interiors Inc. (NYSE:ETD) declared a special dividend on Wednesday, July 29th. Investors of record on Wednesday, August 12th will be given a dividend of 0.25 per share on Wednesday, August 26th. The ex-dividend date of this dividend is Wednesday, August 12th.

Ethan Allen Interiors has raised its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Ethan Allen Interiors has a dividend payout ratio of 73.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Ethan Allen Interiors to earn $1.50 per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of 104.0%.

Ethan Allen Interiors Stock Performance

ETD stock opened at $23.63 on Thursday. The stock has a 50-day simple moving average of $21.67 and a 200-day simple moving average of $22.24. The firm has a market cap of $601.38 million, a P/E ratio of 14.96 and a beta of 1.01. Ethan Allen Interiors has a 1 year low of $18.28 and a 1 year high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last announced its 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 6.81% and a return on equity of 8.54%. The business had revenue of $146.75 million during the quarter, compared to the consensus estimate of $148.70 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, equities research analysts predict that Ethan Allen Interiors will post 1.45 EPS for the current year.

About Ethan Allen Interiors

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.