Ethan Allen Interiors Inc. (ETD) to Issue Quarterly Dividend of $0.39 on August 29th

Ethan Allen Interiors Inc. (NYSE:ETD) announced a quarterly dividend on Tuesday, July 30th, Wall Street Journal reports. Stockholders of record on Tuesday, August 13th will be paid a dividend of 0.39 per share on Thursday, August 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Tuesday, August 13th.

Ethan Allen Interiors has raised its dividend payment by an average of 30.5% annually over the last three years. Ethan Allen Interiors has a dividend payout ratio of 66.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ethan Allen Interiors to earn $2.35 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 66.4%.

Ethan Allen Interiors Price Performance

NYSE:ETD traded up $1.16 during mid-day trading on Thursday, hitting $32.03. 677,526 shares of the company’s stock were exchanged, compared to its average volume of 203,891. Ethan Allen Interiors has a one year low of $25.33 and a one year high of $36.19. The company has a market cap of $813.88 million, a PE ratio of 11.81 and a beta of 1.28. The business has a fifty day moving average price of $28.38 and a 200 day moving average price of $30.23.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.16. The firm had revenue of $168.63 million for the quarter, compared to analysts’ expectations of $159.65 million. Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.93%. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. On average, equities analysts forecast that Ethan Allen Interiors will post 2.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Wednesday, July 24th.

Insider Activity

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $31.05, for a total value of $310,500.00. Following the completion of the sale, the chief executive officer now owns 1,715,193 shares of the company’s stock, valued at $53,256,742.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 10.90% of the company’s stock.

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.