Culp, Inc. (CFI) Raises Quarterly Dividend 16.7% to $0.07; 1% Yield
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Culp Announces Results for Second Quarter Fiscal 2016
December 1, 2015 4:15 PM ESTBoard of Directors Authorizes Increase in Quarterly Cash Dividend from $0.06 to $0.07 Per Share
HIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CFI) today reported financial and operating results for the second quarter and six months ended November 1, 2015.
Fiscal 2016 Second Quarter Highlights
Net sales were $77.0 million, up 4.0 percent, with mattress fabric sales up 5.6 percent and upholstery fabric sales up 1.8 percent, as compared with the same quarter last year. Pre-tax income was $6.1 million, up 26 percent compared with $4.9 million in the second... More