Interface, Inc. (NASDAQ:TILE) Declares $0.03 Quarterly Dividend

Interface, Inc. (NASDAQ:TILE) announced a quarterly dividend on Tuesday, May 19th. Shareholders of record on Friday, June 5th will be paid a dividend of 0.03 per share by the textile maker on Thursday, June 18th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, June 5th.

Interface has decreased its dividend by an average of 0.1%annually over the last three years. Interface has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Interface to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.2%.

Interface Price Performance

Shares of NASDAQ TILE opened at $27.37 on Wednesday. The stock’s 50-day moving average is $26.99 and its two-hundred day moving average is $28.51. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.43 and a quick ratio of 1.16. Interface has a 1-year low of $18.74 and a 1-year high of $35.11. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 0.90 and a beta of 1.92.

Interface (NASDAQ:TILE) last issued its quarterly earnings results on Friday, May 8th. The textile maker reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. Interface had a return on equity of 20.09% and a net margin of 8.92%.The company had revenue of $331.04 million for the quarter, compared to the consensus estimate of $320.38 million. During the same quarter in the prior year, the business earned $0.25 EPS. Interface’s revenue was up 11.3% on a year-over-year basis. Analysts forecast that Interface will post 2.11 EPS for the current fiscal year.

Interface Company Profile

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.