Hooker Furnishings Co. (NASDAQ:HOFT) Announces Quarterly Dividend of $0.23

Hooker Furnishings Co. (NASDAQ:HOFT) declared a quarterly dividend on Monday, December 2nd,RTT News reports. Investors of record on Friday, December 13th will be paid a dividend of 0.23 per share on Monday, December 30th. This represents a $0.92 annualized dividend and a yield of 5.53%. The ex-dividend date is Friday, December 13th.

Hooker Furnishings has raised its dividend by an average of 10.5% annually over the last three years. Hooker Furnishings has a dividend payout ratio of 63.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hooker Furnishings to earn $1.29 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 71.3%.

Hooker Furnishings Stock Down 1.9 %

NASDAQ:HOFT opened at $16.65 on Wednesday. Hooker Furnishings has a twelve month low of $13.09 and a twelve month high of $27.15. The firm has a market capitalization of $178.32 million, a price-to-earnings ratio of -18.30 and a beta of 1.22. The stock’s 50 day moving average price is $17.30 and its two-hundred day moving average price is $16.04.

About Hooker Furnishings

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.