Ethan Allen Interiors Inc. (NYSE:ETD) to Issue Quarterly Dividend of $0.39

Ethan Allen Interiors Inc. (NYSE:ETD) announced a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.39 per share on Thursday, May 23rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Monday, May 6th. This is a positive change from Ethan Allen Interiors’s previous quarterly dividend of $0.36.

Ethan Allen Interiors has raised its dividend by an average of 16.7% annually over the last three years and has raised its dividend every year for the last 2 years. Ethan Allen Interiors has a payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ethan Allen Interiors to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 48.8%.

Ethan Allen Interiors Stock Up 6.4 %

Shares of ETD traded up $2.04 during trading hours on Tuesday, reaching $34.05. 254,081 shares of the company traded hands, compared to its average volume of 197,116. Ethan Allen Interiors has a 12 month low of $24.76 and a 12 month high of $36.19. The company has a market capitalization of $864.87 million, a price-to-earnings ratio of 10.93 and a beta of 1.22. The company’s fifty day moving average price is $32.48 and its two-hundred day moving average price is $30.28.

Ethan Allen Interiors (NYSE:ETD) last posted its quarterly earnings results on Wednesday, January 24th. The company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.09). The firm had revenue of $167.28 million during the quarter, compared to the consensus estimate of $179.20 million. Ethan Allen Interiors had a return on equity of 17.19% and a net margin of 11.37%. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 earnings per share. On average, analysts expect that Ethan Allen Interiors will post 2.7 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $30.00 target price on shares of Ethan Allen Interiors in a research note on Friday.

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.