Hooker Furnishings Declares Quarterly Dividend
On June 4, 2024, Hooker Furnishings (Nasdaq-GS: HOFT) declared a quarterly cash dividend of $0.23 per share, payable on June 28, 2024, to shareholders of record on June 14, 2024. Celebrating its 100th year, the company designs, markets, and imports various types of furniture and home décor for residential, hospitality, and contract markets. Hooker Furnishings also manufactures premium custom leather and fabric-upholstered furniture domestically. Key product lines include wooden and metal furniture, leather upholstery, fabric-upholstered furniture, lighting, and accessories. Their brands span across medium to upscale price points, catering to a wide range of market needs.
- Declared quarterly cash dividend of $0.23 per share.
- Dividend payable on June 28, 2024, to shareholders of record on June 14, 2024.
- Celebrating 100 years in business, indicating long-term stability.
- Diverse product range including casegoods, leather furniture, fabric-upholstered furniture, lighting, and home décor.
- Strong market presence in residential, hospitality, and contract markets.
- Domestic manufacturing of premium custom furniture.
- Presence in key market segments with upper-medium to upscale price points.
- Multiple well-known brands under its umbrella, enhancing market reach.
- Distribution centers located strategically in Virginia, Georgia, and Vietnam.
- No new product launches or strategic initiatives announced in the PR.
- PR focuses on dividend declaration, lacking detailed financial performance data.
- Absence of forward-looking statements or growth projections.
MARTINSVILLE, Va., June 04, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on June 4, 2024, its board of directors declared a quarterly cash dividend of
Hooker Furnishings Corporation, in its 100th year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, fabric-upholstered furniture, lighting, accessories, and home décor for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture and outdoor furniture. Major casegoods product categories include home entertainment, home office, accent, dining, and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand. Hooker’s residential upholstered seating product lines include Bradington-Young, a specialist in upscale motion and stationary leather furniture, HF Custom (formerly Sam Moore), a specialist in fashion forward custom upholstery offering a selection of chairs, sofas, sectionals, recliners and a variety of accent upholstery pieces, Hooker Upholstery, imported upholstered furniture targeted at the upper-medium price-range and Shenandoah Furniture, an upscale upholstered furniture company specializing in private label sectionals, modulars, sofas, chairs, ottomans, benches, beds and dining chairs in the upper-medium price points for lifestyle specialty retailers. The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities. The Home Meridian division addresses more moderate price points and channels of distribution not currently served by other Hooker Furnishings divisions or brands. Home Meridian’s brands include Pulaski Furniture, casegoods covering the complete design spectrum in a wide range of bedroom, dining room, accent and display cabinets at medium price points, Samuel Lawrence Furniture, value-conscious offerings in bedroom, dining room, home office and youth furnishings, Prime Resources International, value-conscious imported leather upholstered furniture, and Samuel Lawrence Hospitality, a designer and supplier of hotel furnishings. The Sunset West division is a designer and manufacturer of comfortable, stylish and high-quality outdoor furniture. Hooker Furnishings Corporation’s corporate offices and upholstery manufacturing facilities are located in Virginia, North Carolina and California, with showrooms in High Point, N.C., Las Vegas, N.V., Atlanta, G.A. and Ho Chi Minh City, Vietnam. The company operates distribution centers in Virginia, Georgia, and Vietnam. Please visit our websites hookerfurnishings.com, hookerfurniture.com, bradington-young.com, hfcustomfurniture.com, hcontractfurniture.com, homemeridian.com, pulaskifurniture.com, slh-co.com, and sunsetwestusa.com.
For more information, contact:
Paul A. Huckfeldt, Senior Vice President-Finance and CFO
Hooker Furnishings Corporation, 276.666.3949
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