Hooker Furnishings Corp. (NASDAQ:HOFT) Announces $0.12 Quarterly Dividend

Hooker Furnishings Corp. (NASDAQ:HOFTGet Free Report) announced a quarterly dividend on Thursday, September 3rd. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.115 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Hooker Furnishings has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 9 years. Hooker Furnishings has a dividend payout ratio of 34.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Hooker Furnishings to earn $1.34 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 34.3%.

Hooker Furnishings Price Performance

Shares of NASDAQ:HOFT opened at $12.66 on Friday. Hooker Furnishings has a 12 month low of $8.61 and a 12 month high of $18.09. The stock has a market cap of $135.97 million, a price-to-earnings ratio of -5.89, a PEG ratio of 1.19 and a beta of 1.14. The stock’s 50 day moving average price is $14.67 and its 200 day moving average price is $13.86.

Hooker Furnishings (NASDAQ:HOFTGet Free Report) last posted its quarterly earnings data on Thursday, June 11th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.17. The company had revenue of $69.45 million during the quarter, compared to analyst estimates of $66.31 million. Hooker Furnishings had a negative net margin of 7.90% and a positive return on equity of 1.61%. On average, sell-side analysts expect that Hooker Furnishings will post 0.77 EPS for the current year.

Hooker Furnishings Company Profile

(Get Free Report)

Hooker Furnishings, formerly known as Hooker Furniture Corporation, is a designer, marketer and distributor of high-quality home furnishings. Headquartered in Martinsville, Virginia, the company offers a broad range of wood and upholstered furniture products across bedroom, dining, home office and accent categories. Its portfolio includes solid wood and engineered wood case goods, upholstered seating, accent tables and decorative accessories, reflecting styles that range from traditional to contemporary.

The company’s operations are organized into three reportable segments: Domestic Wholesale, Retail and Logistics, and International.

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Dividend History for Hooker Furnishings (NASDAQ:HOFT)

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