Ethan Allen Interiors Inc. (NYSE:ETD) Declares Dividend Increase – $0.39 Per Share

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Monday, April 22nd, Wall Street Journal reports. Investors of record on Tuesday, May 7th will be given a dividend of 0.39 per share on Thursday, May 23rd. This represents a $1.56 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date of this dividend is Monday, May 6th. This is an increase from Ethan Allen Interiors’s previous quarterly dividend of $0.36.

Ethan Allen Interiors has raised its dividend payment by an average of 30.5% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Ethan Allen Interiors has a payout ratio of 60.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ethan Allen Interiors to earn $2.45 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 63.7%.

Ethan Allen Interiors Stock Up 1.3 %

Shares of NYSE ETD opened at $29.43 on Friday. The stock’s 50 day moving average price is $32.24 and its two-hundred day moving average price is $30.29. Ethan Allen Interiors has a 52-week low of $24.76 and a 52-week high of $36.19. The stock has a market capitalization of $747.82 million, a P/E ratio of 10.70 and a beta of 1.25.

Ethan Allen Interiors (NYSE:ETD) last released its quarterly earnings data on Wednesday, April 24th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.18). The business had revenue of $146.42 million during the quarter, compared to analyst estimates of $168.15 million. Ethan Allen Interiors had a return on equity of 14.93% and a net margin of 10.63%. The business’s revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. On average, analysts anticipate that Ethan Allen Interiors will post 2.32 EPS for the current year.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday, April 25th.

About Ethan Allen Interiors

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.