Ethan Allen Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

Ethan Allen Interiors Inc. (NYSE: ETD) announced a quarterly cash dividend of $0.32 per share, payable on January 4, 2023, with a record date of December 7, 2022. Chairman Farooq Kathwari expressed satisfaction with the company's strong performance and robust balance sheet, which supports shareholder returns. Celebrating 90 years in the industry, Ethan Allen remains focused on enhancing its position as an interior design destination while maintaining a vertically integrated structure.

Positive

• Quarterly cash dividend of $0.32 per share announced, reflecting strong financial performance.
• Robust balance sheet supports consistent returns to shareholders.

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• None.

DANBURY, CT, Nov. 09, 2022 (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 January 4, 2023, to shareholders of record at the close of business on December 7, 2022.

Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We are pleased with our continued strong performance and the Board’s decision today also highlights our strong balance sheet allowing for these returns to shareholders. As we celebrate 90 years of innovation, our focus will continue to position us as an interior design destination and strengthen our vertically integrated structure.”

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 complimentary 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 (ETD)?

Ethan Allen declared a quarterly cash dividend of $0.32 per share.

When is the dividend payment date for Ethan Allen (ETD)?

The dividend payment date is January 4, 2023.

What is the record date for the dividend of Ethan Allen (ETD)?

The record date for the dividend is December 7, 2022.

How often does Ethan Allen (ETD) pay dividends?

Ethan Allen pays dividends quarterly.

What is Ethan Allen's strategy to enhance shareholder value?

Ethan Allen focuses on its strong balance sheet and positions itself as an interior design destination.