Interface, Inc. Announces Dividend of $0.02 (NASDAQ:TILE)

Key Points

• Interface, Inc. has declared a dividend of $0.02 per share, payable on September 12th to stockholders of record by August 29th.
• The company reported $0.60 earnings per share for the last quarter, exceeding analysts' expectations of $0.47, with revenue of $375.52 million.
• Interface's current payout ratio stands at 2.2%, indicating strong coverage of its dividend by earnings.

Interface, Inc. (NASDAQ:TILE - Get Free Report) declared a dividend on Tuesday, August 12th, NASDAQ Dividends reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.02 per share by the textile maker on Friday, September 12th. The ex-dividend date is Friday, August 29th.

Interface has a payout ratio of 2.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Interface to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.6%.

Interface Trading Down 1.8%

Shares of NASDAQ TILE traded down $0.49 during trading hours on Thursday, hitting $26.74. 312,600 shares of the company traded hands, compared to its average volume of 456,078. The company's 50 day moving average price is $21.75 and its 200 day moving average price is $20.79. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 1.02 and a beta of 2.00. The company has a current ratio of 2.88, a quick ratio of 1.59 and a debt-to-equity ratio of 0.53. Interface has a 12 month low of $17.04 and a 12 month high of $27.34.

Interface (NASDAQ:TILE - Get Free Report) last issued its earnings results on Friday, August 1st. The textile maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.13. The business had revenue of $375.52 million during the quarter, compared to analysts' expectations of $360.57 million. Interface had a return on equity of 18.97% and a net margin of 7.08%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. On average, equities research analysts anticipate that Interface will post 1.37 earnings per share for the current fiscal year.

About Interface

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.

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