Ethan Allen Interiors Inc. (ETD) Raises Quarterly Dividend 16% to $0.29; 5.2% Yield

Ethan Allen Interiors Inc. (NYSE: ETD) declared a quarterly dividend of $0.29 per share, or $1.16 annualized. This is a 16% increase from the prior dividend of $0.25.

The dividend will be payable on January 5, 2022, to stockholders of record on December 14, 2021, with an ex-dividend date of December 13, 2021.

The annual yield on the dividend is 5.2 percent.

Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We have a strong history of returning capital to shareholders and are pleased to continue this practice by increasing our regular quarterly dividend by 16% to $0.29 per share. The Board’s decision today highlights our strong balance sheet and operating results allowing for these returns to stockholders. As we head into the 2022 calendar year, we believe we have a great opportunity to continue our growth in sales and profitability due to our talented team, strong retail network, the personal service of our interior design professionals increasingly combined with technology, our unique vertical integration whereby 75% of products are made in our North American manufacturing workshops, and our strong logistics network of national distribution centers and retail home delivery centers delivering product with white glove service to our clients’ homes. We look forward to continuing our progress and remain cautiously optimistic.”

For a dividend history and other dividend-related data on Ethan Allen Interiors Inc. (ETD) click here.

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