Interface Declares Regular Quarterly Dividend

Rhea-AI Summary

Interface, Inc. (TILE) has announced a quarterly cash dividend of $0.01 per share, set to be paid on April 16, 2021. Shareholders on record by April 2, 2021 will be eligible for this payout. This announcement reflects the company's commitment to returning value to its investors amid its ongoing sustainability initiatives.

As a leader in modular flooring, Interface emphasizes its mission, Climate Take Back™, focusing on creating high-performance interior spaces while promoting environmental well-being.

Positive

• Regular quarterly dividend of $0.01 per share enhances shareholder returns.
• Commitment to sustainability may attract eco-conscious investors.

Negative

• Low dividend amount may raise concerns regarding financial strength.
• -

ATLANTA, March 16, 2021 /PRNewswire/ -- Interface, Inc. (Nasdaq: TILE), a worldwide modular flooring company and global leader in sustainability, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.01 per share, payable April 16, 2021 to shareholders of record as of April 2, 2021.

About Interface
Interface, Inc. is a global flooring company specializing in carbon neutral carpet tile and resilient flooring, including luxury vinyl tile (LVT) and nora® rubber flooring. We help our customers create high-performance interior spaces that support well-being, productivity, and creativity, as well as the sustainability of the planet. Our mission, Climate Take Back™, invites you to join us as we commit to operating in a way that is restorative to the planet and creates a climate fit for life. 

Learn more about Interface at interface.com and blog.interface.com, our nora brand at nora.com, our FLOR® brand at FLOR.com, and our Carbon Neutral Floors™ program at interface.com/carbonneutral. 

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SOURCE Interface, Inc.

FAQ

What is the dividend amount for TILE announced on March 16, 2021?

The announced dividend amount for TILE is $0.01 per share.

When will the dividend for TILE be paid?

The dividend for TILE will be paid on April 16, 2021.

What is the record date for the TILE dividend?

The record date for the TILE dividend is April 2, 2021.

Is TILE's dividend sustainable?

While the dividend reflects a commitment to return value, its low amount may raise questions about sustainability.