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

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) declared a quarterly dividend on Tuesday, September 9th, RTT News reports. Shareholders of record on Wednesday, September 24th will be paid a dividend of 0.20 per share on Monday, October 6th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 24th.

Flexsteel Industries has a payout ratio of 18.1% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

FLXS traded down $0.60 during trading on Friday, hitting $48.94. 22,076 shares of the stock traded hands, compared to its average volume of 44,051. Flexsteel Industries has a twelve month low of $29.38 and a twelve month high of $65.87. The company has a market cap of $257.91 million, a price-to-earnings ratio of 13.82, a PEG ratio of 1.07 and a beta of 0.34. The business has a 50 day moving average price of $40.11 and a 200 day moving average price of $36.74.

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

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Flexsteel Industries from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th.

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.