Flexsteel Industries, Inc. (NASDAQ:FLXS) Declares Quarterly Dividend of $0.20

Key Points

• Flexsteel Industries, Inc. has declared a quarterly dividend of $0.20 per share, payable on October 6th, with an annualized dividend yield of 1.7%.
• The company reported $1.40 earnings per share for the last quarter, significantly exceeding analysts' expectations and demonstrating strong financial performance.
• Flexsteel's stock price decreased by 3.1% on the trading day, with current shares trading at $47.52.

Flexsteel Industries, Inc. (NASDAQ:FLXS - Get Free Report) announced a quarterly dividend on Tuesday, September 9th, RTT News reports. Investors of record on Wednesday, September 24th will be given a dividend of 0.20 per share on Monday, October 6th. This represents a c) annualized dividend and a dividend yield of 1.7%.

Flexsteel Industries has a dividend payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Flexsteel Industries to earn $4.04 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 16.8%.

Flexsteel Industries Stock Down 3.1%

NASDAQ FLXS traded down $1.51 during trading hours on Tuesday, hitting $47.52. The company had a trading volume of 61,691 shares, compared to its average volume of 24,695. Flexsteel Industries has a fifty-two week low of $29.38 and a fifty-two week high of $65.87. The business has a fifty day simple moving average of $39.29 and a 200-day simple moving average of $36.66. The firm has a market cap of $250.57 million, a P/E ratio of 13.42, a price-to-earnings-growth ratio of 1.05 and a beta of 0.33.

Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last issued its earnings results on Monday, August 18th. The company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.56. Flexsteel Industries had a return on equity of 14.74% and a net margin of 4.57%.The firm had revenue of $114.61 million for the quarter, compared to analyst estimates of $111.93 million. During the same period last year, the company earned $0.75 earnings per share. Flexsteel Industries has set its Q1 2026 guidance at EPS. Equities analysts forecast that Flexsteel Industries will post 3.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Flexsteel Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE bought a new position in shares of Flexsteel Industries in the 1st quarter valued at approximately $26,000. GAMMA Investing LLC raised its stake in shares of Flexsteel Industries by 4,864.0% in the 1st quarter. GAMMA Investing LLC now owns 1,241 shares of the company's stock valued at $45,000 after acquiring an additional 1,216 shares in the last quarter. State of Wyoming bought a new position in shares of Flexsteel Industries in the 4th quarter valued at approximately $52,000. Russell Investments Group Ltd. bought a new position in shares of Flexsteel Industries in the 1st quarter valued at approximately $58,000. Finally, Jones Financial Companies Lllp grew its holdings in Flexsteel Industries by 5,214.0% in the 1st quarter. Jones Financial Companies Lllp now owns 2,657 shares of the company's stock valued at $97,000 after buying an additional 2,607 shares during the last quarter. 36.27% of the stock is owned by hedge funds and other institutional investors.

About Flexsteel Industries

Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.

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