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Flexsteel Industries, Inc. Announces Double-Digit Increase to Quarterly Dividend

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Flexsteel Industries, Inc. (NASDAQ:FLXS) has announced a significant increase in its quarterly dividend. The Board of Directors declared a quarterly dividend of $0.17 per share, representing a 13% increase from the previous quarter. This dividend will be payable on October 7, 2024, to shareholders of record as of September 25, 2024. This marks Flexsteel's 331st consecutive quarterly cash dividend, maintaining its impressive streak of paying dividends since 1938. The substantial increase in dividend payout demonstrates Flexsteel's commitment to shareholder value and confidence in its financial stability.

Flexsteel Industries, Inc. (NASDAQ:FLXS) ha annunciato un significativo aumento del suo dividendo trimestrale. Il Consiglio di Amministrazione ha dichiarato un dividendo trimestrale di $0,17 per azione, che rappresenta un aumento del 13% rispetto al trimestre precedente. Questo dividendo sarà pagabile il 7 ottobre 2024, agli azionisti registrati al 25 settembre 2024. Questo segna il 331° dividendo in contante trimestrale consecutivo di Flexsteel, mantenendo la sua incredibile continuità di pagamenti di dividendi dal 1938. Il notevole aumento del pagamento del dividendo dimostra l'impegno di Flexsteel verso il valore per gli azionisti e la fiducia nella sua stabilità finanziaria.

Flexsteel Industries, Inc. (NASDAQ:FLXS) ha anunciado un aumento significativo en su dividendo trimestral. La Junta Directiva declaró un dividendo trimestral de $0.17 por acción, lo que representa un aumento del 13% con respecto al trimestre anterior. Este dividendo será pagadero el 7 de octubre de 2024, a los accionistas registrados al 25 de septiembre de 2024. Esto marca el 331er dividendo en efectivo trimestral consecutivo de Flexsteel, manteniendo su impresionante racha de pagos de dividendos desde 1938. El aumento sustancial en el pago del dividendo demuestra el compromiso de Flexsteel con el valor para los accionistas y la confianza en su estabilidad financiera.

Flexsteel Industries, Inc. (NASDAQ:FLXS)은 분기 배당금을 크게 인상했다고 발표했습니다. 이사회는 주당 $0.17의 분기 배당금을 선언했습니다, 이는 이전 분기보다 13% 증가한 수치입니다. 이 배당금은 2024년 10월 7일 지급될 예정입니다, 2024년 9월 25일 기준 주주들에게 지급됩니다. 이는 Flexsteel의 331번째 연속 분기 현금 배당금을 의미하며, 1938년부터 배당금을 지불해온 인상적인 기록을 유지하고 있습니다. 배당금 지급의 큰 증가는 Flexsteel의 주주 가치에 대한 헌신과 재정 안정성에 대한 자신감을 보여줍니다.

Flexsteel Industries, Inc. (NASDAQ:FLXS) a annoncé une augmentation significative de son dividende trimestriel. Le Conseil d'Administration a déclaré un dividende trimestriel de 0,17 $ par action, représentant une augmentation de 13% par rapport au trimestre précédent. Ce dividende sera payable le 7 octobre 2024, aux actionnaires inscrits au 25 septembre 2024. Cela marque le 331ème dividende en espèces trimestriel consécutif de Flexsteel, maintenant sa remarquable série de paiements de dividendes depuis 1938. L'augmentation substantielle du paiement de dividende démontre l'engagement de Flexsteel envers la valeur des actionnaires et la confiance dans sa stabilité financière.

Flexsteel Industries, Inc. (NASDAQ:FLXS) hat eine erhebliche Erhöhung seiner vierteljährlichen Dividende angekündigt. Der Vorstand hat eine vierteljährliche Dividende von 0,17 $ pro Aktie erklärt, was eine Steigerung von 13% im Vergleich zum vorherigen Quartal darstellt. Diese Dividende wird am 7. Oktober 2024 zahlbar sein für Aktionäre, die am 25. September 2024 im Register stehen. Dies markiert die 331. aufeinanderfolgende vierteljährliche Bardividende von Flexsteel und setzt die beeindruckende Reihe von Dividendenauszahlungen seit 1938 fort. Die erhebliche Erhöhung der Dividende zeigt Flexsteels Engagement für den Shareholder Value und das Vertrauen in seine finanzielle Stabilität.

Positive
  • 13% increase in quarterly dividend to $0.17 per share
  • 331st consecutive quarterly cash dividend, showcasing long-term financial stability
  • Consistent dividend payments since 1938, demonstrating strong shareholder commitment
Negative
  • None.

DUBUQUE, Iowa--(BUSINESS WIRE)-- Flexsteel Industries, Inc. (NASDAQ:FLXS), announced its Board of Directors declared an increased quarterly dividend of $0.17 per share, payable October 7, 2024, to shareholders of record as of September 25, 2024. The $0.17 per share quarterly dividend is an increase of over 13% from the previous quarterly dividend.

Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 331st consecutive quarterly cash dividend.

About Flexsteel

Flexsteel Industries, Inc., and Subsidiaries (the “Company”) is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States. Product offerings include a wide variety of furniture such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name “Flexsteel” is derived. The Company distributes its products throughout the United States through its e-commerce channel and direct sales force.

For more information, visit our website at http://www.flexsteel.com.

INVESTOR CONTACT:

Michael Ressler, Flexsteel Industries, Inc.

563-585-8116

investors@flexsteel.com

Source: Flexsteel Industries, Inc.

FAQ

What is the new quarterly dividend amount for Flexsteel Industries (FLXS)?

Flexsteel Industries (FLXS) has increased its quarterly dividend to $0.17 per share, representing a 13% increase from the previous quarter.

When will Flexsteel Industries (FLXS) pay its next dividend?

Flexsteel Industries (FLXS) will pay its next quarterly dividend on October 7, 2024, to shareholders of record as of September 25, 2024.

How long has Flexsteel Industries (FLXS) been paying dividends?

Flexsteel Industries (FLXS) has been paying cash dividends on its common stock each year since 1938, with the current dividend marking its 331st consecutive quarterly cash dividend.

What is the percentage increase in Flexsteel Industries' (FLXS) quarterly dividend?

Flexsteel Industries (FLXS) has increased its quarterly dividend by over 13% compared to the previous quarter.

Flexsteel Industries

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297.69M
3.55M
30.1%
47.12%
1.42%
Furnishings, Fixtures & Appliances
Household Furniture
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United States of America
DUBUQUE