Hooker Furnishings Corp. (HOFT) To Go Ex-Dividend on June 18th

Hooker Furnishings Corp. (NASDAQ:HOFT) announced a quarterly dividend on Tuesday, June 9th. Shareholders of record on Friday, June 19th will be paid a dividend of 0.115 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 18th.

Hooker Furnishings has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 9 years. Hooker Furnishings has a payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hooker Furnishings to earn $1.32 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 34.8%.

Hooker Furnishings Price Performance

Hooker Furnishings stock opened at $16.05 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.60 and a current ratio of 3.37. Hooker Furnishings has a 52 week low of $8.61 and a 52 week high of $16.41. The stock has a market capitalization of $173.02 million, a P/E ratio of -7.47, a price-to-earnings-growth ratio of 1.64 and a beta of 1.20. The stock has a fifty day moving average of $13.13 and a 200-day moving average of $12.75.

Hooker Furnishings (NASDAQ:HOFT) last released its earnings results on Thursday, June 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.17. The firm had revenue of $69.45 million for the quarter, compared to analysts’ expectations of $66.31 million. Hooker Furnishings had a positive return on equity of 1.59% and a negative net margin of 7.90%. On average, sell-side analysts expect that Hooker Furnishings will post 0.67 earnings per share for the current fiscal year.

About Hooker Furnishings

Hooker Furnishings, formerly known as Hooker Furniture Corporation, is a designer, marketer and distributor of high-quality home furnishings. Headquartered in Martinsville, Virginia, the company offers a broad range of wood and upholstered furniture products across bedroom, dining, home office and accent categories. Its portfolio includes solid wood and engineered wood case goods, upholstered seating, accent tables and decorative accessories, reflecting styles that range from traditional to contemporary.

The company’s operations are organized into three reportable segments: Domestic Wholesale, Retail and Logistics, and International.