Hooker Furnishings Corp. (NASDAQ:HOFT) Announces Quarterly Dividend of $0.12

by · The Cerbat Gem

Hooker Furnishings Corp. (NASDAQ:HOFT – Get Free Report) announced a quarterly dividend on Thursday, December 11th. Stockholders of record on Sunday, December 21st will be given a dividend of 0.115 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, December 19th.

Hooker Furnishings has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Hooker Furnishings has a dividend payout ratio of 68.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hooker Furnishings to earn $1.10 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 83.6%.

Hooker Furnishings Stock Performance

Shares of NASDAQ HOFT traded up $0.48 during trading hours on Friday, reaching $11.02. The stock had a trading volume of 11,490 shares, compared to its average volume of 65,477. The company has a market cap of $118.41 million, a price-to-earnings ratio of -9.05 and a beta of 1.41. Hooker Furnishings has a twelve month low of $7.34 and a twelve month high of $18.51. The business’s fifty day moving average is $9.83 and its two-hundred day moving average is $10.23. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.99 and a quick ratio of 1.37.

Hooker Furnishings (NASDAQ:HOFT – Get Free Report) last announced its quarterly earnings results on Thursday, September 11th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.19). The business had revenue of $82.15 million during the quarter, compared to the consensus estimate of $91.21 million. Hooker Furnishings had a negative net margin of 3.40% and a negative return on equity of 4.17%. During the same period last year, the firm earned ($0.19) EPS. As a group, research analysts expect that Hooker Furnishings will post -0.44 EPS for the current year.

About Hooker Furnishings

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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.

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