Ethan Allen Declares Special Cash Dividend and Regular Quarterly Cash Dividend

Rhea-AI Summary

Ethan Allen Interiors Inc. (NYSE:ETD) announced a $0.50 special cash dividend alongside a regular quarterly cash dividend of $0.32 per share, both payable on August 30, 2022. Shareholders of record by August 16, 2022 will benefit from this distribution. Chairman Farooq Kathwari emphasized the company's commitment to returning capital to shareholders. Detailed financial results for the fourth quarter and full fiscal year ending June 30, 2022, are set to be released tomorrow.

Positive

• Declaration of a special cash dividend of $0.50 per share to reward shareholders.
• Continuing regular quarterly cash dividend of $0.32 per share fosters shareholder confidence.

Negative

• None.

DANBURY, CT, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or “the Company”) (NYSE:ETD) announced today that its Board of Directors has declared a $0.50 per share special cash dividend to shareholders of record on August 16, 2022, payable on August 30, 2022. The Board also declared a regular quarterly cash dividend of $0.32 per share, payable on August 30, 2022 to shareholders of record at the close of business on August 16, 2022.

Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We have a strong history of returning capital to shareholders and are pleased to continue this practice. Accordingly, we are announcing a special cash dividend of $0.50 per share along with our regular quarterly cash dividend of $0.32 per share. As previously announced on July 13, 2022, we will provide detailed information about our financial results tomorrow with the release of our earnings for the fourth quarter and full fiscal 2022 year ended June 30, 2022.”

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 amount of the special dividend declared by Ethan Allen (ETD)?

Ethan Allen declared a special cash dividend of $0.50 per share.

When will the dividends for Ethan Allen (ETD) be paid?

The dividends will be paid on August 30, 2022.

Who is eligible for the special dividend from Ethan Allen (ETD)?

Shareholders of record on August 16, 2022, are eligible for the special dividend.

What is the significance of the special cash dividend for ETD shareholders?

The special cash dividend indicates Ethan Allen's strong commitment to returning capital to shareholders.

Will Ethan Allen continue its dividend payments in the future?

The company's history suggests a strong likelihood of continued dividend payments to shareholders.