Flexsteel Industries, Inc. Increases Quarterly Dividend 50% to $0.15 per Share

Rhea-AI Summary

Flexsteel Industries, Inc. (NASDAQ:FLXS) declared a quarterly dividend of $0.15 per share, a 50% increase from the previous $0.10. This dividend is payable on March 29, 2021, to shareholders of record as of March 17, 2021. Flexsteel has maintained cash dividends annually since 1938, marking the 317th consecutive quarterly dividend. As one of the largest furniture manufacturers in the U.S., Flexsteel offers a broad range of products, including upholstered furniture and bedroom sets, distributed via eCommerce and direct sales.

Positive

• Quarterly dividend increased by 50% to $0.15 per share.
• Continued commitment to shareholder returns with 317 years of consecutive dividends.
• Established market position as a leading furniture manufacturer in the U.S.

Negative

• None.

Flexsteel Industries, Inc. (NASDAQ:FLXS), announced its Board of Directors declared a quarterly dividend of $0.15 per share, payable March 29, 2021 to shareholders of record as of March 17, 2021. The dividend increased 50% compared to the prior quarter of $.10 per share.

Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 317^th consecutive quarterly cash dividend.

About Flexsteel

Flexsteel Industries, Inc. and Subsidiaries (the “Company”) is one of the largest manufacturers, importers and online marketers of furniture products in the United States. Product offerings include a wide variety of upholstered furniture such as sofas, loveseats, chairs, reclining and rocker-reclining chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs and bedroom 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 eCommerce channel and direct sales force.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210303005028/en/

FAQ

What is the dividend amount declared by Flexsteel Industries?

Flexsteel Industries declared a quarterly dividend of $0.15 per share.

When will Flexsteel's dividend be paid?

The dividend will be paid on March 29, 2021.

What is the record date for Flexsteel's dividend?

The record date for the dividend is March 17, 2021.

How much has Flexsteel increased its dividend compared to the last quarter?

Flexsteel increased its dividend by 50% from $0.10 to $0.15 per share.

How long has Flexsteel been paying dividends?

Flexsteel has been paying cash dividends on its common stock since 1938.