Ethan Allen Interiors Inc. (NYSE:ETD – Get Free Report) 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.
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.
Check Out Our Latest Report on Ethan Allen Interiors
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.
Further Reading
- Five stocks we like better than Ethan Allen Interiors
- What is Insider Trading? What You Can Learn from Insider Trading
- First Solar Stock: The Dawn of a New Rally in Share Prices
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Mastercard Stock’s Q2 Financial Results Outshine Competitors
- What is a Dividend King?
- Tobacco Giant’s Shares Fall on EPS Miss, Lackluster Pouch Gains
Receive News & Ratings for Ethan Allen Interiors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ethan Allen Interiors and related companies with MarketBeat.com's FREE daily email newsletter.