Hooker Furniture Co. (HOFT) to Issue Quarterly Dividend of $0.15 on March 29th

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Hooker Furniture Co. (NASDAQ:HOFT) announced a quarterly dividend on Sunday, March 3rd, NASDAQ reports. Shareholders of record on Monday, March 18th will be paid a dividend of 0.15 per share on Friday, March 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Friday, March 15th.

Hooker Furniture has increased its dividend by an average of 12.5% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.

Shares of HOFT stock opened at $30.36 on Thursday. Hooker Furniture has a 1 year low of $24.85 and a 1 year high of $49.85. The company has a current ratio of 3.46, a quick ratio of 1.93 and a debt-to-equity ratio of 0.13. The company has a market cap of $357.68 million, a price-to-earnings ratio of 9.98 and a beta of 0.58.

Separately, BidaskClub upgraded Hooker Furniture from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th.

An institutional investor recently raised its position in Hooker Furniture stock. Geode Capital Management LLC increased its position in Hooker Furniture Co. (NASDAQ:HOFT) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,102 shares of the company’s stock after purchasing an additional 10,433 shares during the quarter. Geode Capital Management LLC owned approximately 1.11% of Hooker Furniture worth $3,453,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 86.10% of the company’s stock.

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Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household furniture products in the United States. It operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

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Dividend History for Hooker Furniture (NASDAQ:HOFT)

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