Ethan Allen Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

Ethan Allen Interiors Inc. (NYSE: ETD) declared a quarterly cash dividend of $0.32 per share, set to be paid on February 21, 2023, for shareholders recorded by the close of business on February 7, 2023. Chairman Farooq Kathwari expressed satisfaction in continuing strong shareholder returns through cash dividends while maintaining a robust cash position. The company is recognized as a leading interior design brand with vertically integrated operations, providing high-quality home furnishings and design services globally.

Positive

• Quarterly cash dividend of $0.32 per share indicates strong returns for shareholders.
• Maintaining a robust cash position ensures financial stability.

Negative

• None.

DANBURY, CT, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or the “Company”) (NYSE: ETD) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.32 per share, payable on February 21, 2023, to shareholders of record at the close of business on February 7, 2023.

Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We are pleased to continue to provide strong returns to shareholders in the form of cash dividends while maintaining a strong cash position.”

ABOUT ETHAN ALLEN
Ethan Allen Interiors Inc. (NYSE: ETD) is a leading interior design company, manufacturer and retailer in the home furnishings marketplace. The Company is a global luxury home fashion brand that is vertically integrated from product design through home delivery, which offers its customers stylish product offerings, artisanal quality, and personalized service. The Company provides interior design service to its clients and sells a full range of home furnishings through a retail network of design centers located throughout the United States and abroad as well as online at ethanallen.com. Ethan Allen owns and operates ten manufacturing facilities located in the United States, Mexico and Honduras, including one sawmill, one rough mill and a lumberyard. Approximately 75% of its products are manufactured or assembled in these North American facilities.

For more information on Ethan Allen's products and services, visit www.ethanallen.com.

Investor / Media Contact:  
Matt McNulty
Senior Vice President, Chief Financial Officer and Treasurer
IR@ethanallen.com

FAQ

What is the dividend amount declared by Ethan Allen for February 2023?

Ethan Allen declared a dividend of $0.32 per share.

When will Ethan Allen's dividend be paid?

The dividend will be paid on February 21, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is February 7, 2023.

How does Ethan Allen ensure returns to shareholders?

Ethan Allen provides returns to shareholders through regular cash dividends.

What is Ethan Allen's approach to maintaining financial stability?

Ethan Allen maintains a strong cash position to ensure financial stability.