Hooker Furnishings Co. (NASDAQ:HOFT – Get Free Report) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.23 per share on Monday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Monday, March 17th.
Hooker Furnishings has increased its dividend by an average of 7.5% annually over the last three years. Hooker Furnishings has a dividend payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hooker Furnishings to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 83.6%.
Hooker Furnishings Stock Down 0.4 %
NASDAQ:HOFT opened at $12.17 on Friday. Hooker Furnishings has a fifty-two week low of $12.06 and a fifty-two week high of $24.18. The stock has a market capitalization of $130.34 million, a P/E ratio of -13.37, a P/E/G ratio of 0.85 and a beta of 1.16. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.76 and a current ratio of 3.16. The company’s 50-day simple moving average is $12.98 and its 200-day simple moving average is $15.39.
Insider Buying and Selling
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Hooker Furnishings from a “hold” rating to a “sell” rating in a report on Friday, February 28th.
Read Our Latest Stock Report on Hooker Furnishings
About Hooker Furnishings
Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.
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