Flexsteel Industries, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Flexsteel Industries declared a quarterly dividend of $0.15 per share, payable on October 10, 2022, to shareholders of record as of September 28, 2022. This marks the 323rd consecutive quarterly cash dividend, highlighting the company's long-standing commitment to returning value to shareholders since 1938. Flexsteel is a major player in the U.S. residential furniture market, offering a diverse range of products including sofas, chairs, and outdoor furniture through e-commerce and direct sales channels.

Positive

• Quarterly dividend of $0.15 per share indicates financial stability.
• 323 consecutive quarterly dividends demonstrate commitment to shareholders.

Negative

• None.

DUBUQUE, Iowa--(BUSINESS WIRE)-- Flexsteel Industries, Inc. (NASDAQ:FLXS), announced its Board of Directors declared a quarterly dividend of $0.15 per share, payable October 10, 2022, to shareholders of record as of September 28, 2022.

Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 323^rd 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220913006267/en/

INVESTOR CONTACT:

Alejandro Huerta, Flexsteel Industries

563.585.8126

investors@flexsteel.com

Source: Flexsteel Industries, Inc.

FAQ

What is the dividend amount declared by Flexsteel Industries?

Flexsteel Industries declared a dividend of $0.15 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on October 10, 2022.

What is the record date for the dividend?

The record date for the dividend is September 28, 2022.

How long has Flexsteel Industries been paying dividends?

Flexsteel Industries has paid cash dividends annually since 1938.

How many consecutive dividends has Flexsteel paid?

Flexsteel has paid 323 consecutive quarterly cash dividends.