Flexsteel Industries Inc. Plans Quarterly Dividend of $0.15 (FLXS)
Flexsteel Industries (NASDAQ:FLXS) announced a quarterly dividend on Tuesday, September 10th, Stock Ratings Network.com reports. Stockholders of record on Friday, September 20th will be paid a dividend of $0.15 per share on Thursday, October 3rd. This represents a $0.60 annualized dividend and a dividend yield of 2.65%.
On the ratings front, analysts at Thomson Reuters/Verus upgraded shares of Flexsteel Industries (NASDAQ:FLXS) from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 15th.
Flexsteel Industries (NASDAQ:FLXS) traded up 0.97% on Tuesday, hitting $22.8499. 17,578 shares of the company’s stock traded hands. Flexsteel Industries has a 1-year low of $18.56 and a 1-year high of $26.29. The stock has a 50-day moving average of $23.89 and a 200-day moving average of $23.27. The company has a market cap of $162.4 million and a P/E ratio of 12.57.
Flexsteel Industries (NASDAQ:FLXS) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.57 EPS for the quarter. The company had revenue of $82.00 million for the quarter, compared to the consensus estimate of $75.00 million.
In other Flexsteel Industries news, Director Ronald J. Klosterman sold 5,206 shares of the stock on the open market in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $22.60, for a total value of $117,655.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Flexsteel Industries, Inc is manufacturer, importer and marketer of residential and commercial upholstered and wooden furniture products in the United States.
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