Ethan Allen Interiors Inc. (NYSE:ETD – Get Free Report) announced a quarterly dividend on Monday, April 22nd, Wall Street Journal reports. Stockholders of record on Tuesday, May 7th will be given a dividend of 0.39 per share on Thursday, May 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Monday, May 6th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36.
Ethan Allen Interiors has increased its dividend by an average of 16.7% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Ethan Allen Interiors has a payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ethan Allen Interiors to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 48.8%.
Ethan Allen Interiors Price Performance
NYSE ETD opened at $34.03 on Wednesday. Ethan Allen Interiors has a 1 year low of $24.76 and a 1 year high of $36.19. The company has a market capitalization of $864.36 million, a PE ratio of 10.91 and a beta of 1.22. The company has a fifty day moving average of $32.55 and a 200 day moving average of $30.31.
Analyst Upgrades and Downgrades
Separately, Telsey Advisory Group reiterated a “market perform” rating and set a $30.00 price target on shares of Ethan Allen Interiors in a research report on Friday, April 19th.
Read Our Latest Research Report on Ethan Allen Interiors
Ethan Allen Interiors Company Profile
Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.
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