Ethan Allen Interiors Inc. (ETD) to Issue Quarterly Dividend of $0.39 on May 27th

Ethan Allen Interiors Inc. (NYSE:ETD) announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Wednesday, May 13th will be paid a dividend of 0.39 per share on Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Wednesday, May 13th.

Ethan Allen Interiors has increased its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Ethan Allen Interiors has a dividend payout ratio of 73.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ethan Allen Interiors to earn $1.72 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 90.7%.

Ethan Allen Interiors Stock Performance

Shares of ETD traded down $0.51 during trading hours on Thursday, hitting $21.71. 354,580 shares of the company were exchanged, compared to its average volume of 374,374. The company has a market cap of $552.31 million, a PE ratio of 12.56 and a beta of 1.16. The firm’s 50 day moving average is $22.41 and its 200-day moving average is $23.61. Ethan Allen Interiors has a 52 week low of $21.16 and a 52 week high of $31.41.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.03. Ethan Allen Interiors had a return on equity of 9.28% and a net margin of 7.35%.The business had revenue of $135.84 million for the quarter, compared to the consensus estimate of $134.85 million. During the same period last year, the business earned $0.38 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. As a group, equities analysts forecast that Ethan Allen Interiors will post 1.54 earnings per share for the current fiscal 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.