Ethan Allen Interiors Inc. (NYSE:ETD) Announces Dividend Increase – $0.39 Per Share

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Monday, April 22nd, Wall Street Journal reports. Shareholders of record on Tuesday, May 7th will be given a dividend of 0.39 per share on Thursday, May 23rd. This represents a $1.56 annualized dividend and a yield of 5.30%. The ex-dividend date is Monday, May 6th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36.

Ethan Allen Interiors has increased its dividend by an average of 30.5% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Ethan Allen Interiors has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ethan Allen Interiors to earn $2.45 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 63.7%.

Ethan Allen Interiors Price Performance

ETD stock opened at $29.43 on Friday. The company has a market cap of $747.82 million, a price-to-earnings ratio of 10.70 and a beta of 1.25. The company has a fifty day moving average price of $32.24 and a 200 day moving average price of $30.29. Ethan Allen Interiors has a 12 month low of $24.76 and a 12 month high of $36.19.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). Ethan Allen Interiors had a net margin of 10.63% and a return on equity of 14.93%. The business had revenue of $146.42 million during the quarter, compared to analyst estimates of $168.15 million. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The company’s revenue for the quarter was down 21.4% compared to the same quarter last year. As a group, analysts anticipate that Ethan Allen Interiors will post 2.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, April 25th.

About Ethan Allen Interiors

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.