Hooker Furniture Corp. (NASDAQ:HOFT) declared a quarterly dividend on Wednesday, November 30th. Stockholders of record on Thursday, December 15th will be given a dividend of 0.12 per share on Friday, December 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Tuesday, December 13th. This is a boost from Hooker Furniture Corp.’s previous quarterly dividend of $0.10.

Hooker Furniture Corp. (NASDAQ:HOFT) traded down 0.91% during mid-day trading on Wednesday, hitting $27.30. 144,015 shares of the company’s stock were exchanged. The stock has a market capitalization of $314.93 million, a P/E ratio of 18.50 and a beta of 0.73. The firm has a 50 day moving average of $26.43 and a 200 day moving average of $24.46. Hooker Furniture Corp. has a 52 week low of $20.29 and a 52 week high of $35.95.

Hooker Furniture Corp. (NASDAQ:HOFT) last posted its earnings results on Thursday, September 8th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Hooker Furniture Corp. had a return on equity of 10.93% and a net margin of 4.33%. The business earned $136.20 million during the quarter, compared to analysts’ expectations of $144.40 million. During the same period in the prior year, the business earned $0.36 EPS. Hooker Furniture Corp.’s revenue for the quarter was up 126.6% compared to the same quarter last year. Equities analysts forecast that Hooker Furniture Corp. will post $1.80 earnings per share for the current fiscal year.

Dividend History for Hooker Furniture Corp. (NASDAQ:HOFT)

Large investors have recently made changes to their positions in the stock. Northern Trust Corp increased its stake in shares of Hooker Furniture Corp. by 1.8% in the third quarter. Northern Trust Corp now owns 374,008 shares of the company’s stock valued at $9,160,000 after buying an additional 6,506 shares in the last quarter. BlackRock Fund Advisors increased its stake in Hooker Furniture Corp. by 8.5% in the third quarter. BlackRock Fund Advisors now owns 316,036 shares of the company’s stock worth $7,740,000 after buying an additional 24,814 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Hooker Furniture Corp. by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 159,719 shares of the company’s stock worth $3,911,000 after buying an additional 1,500 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Hooker Furniture Corp. by 1.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 154,934 shares of the company’s stock worth $3,794,000 after buying an additional 2,573 shares in the last quarter. Finally, State Street Corp increased its stake in Hooker Furniture Corp. by 3.9% in the second quarter. State Street Corp now owns 153,295 shares of the company’s stock worth $3,294,000 after buying an additional 5,810 shares in the last quarter. 81.42% of the stock is owned by institutional investors and hedge funds.

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About Hooker Furniture Corp.

Hooker Furniture Corporation is a home furnishings marketing, design and logistics company offering sourcing of residential casegoods and upholstery, as well as domestically-produced leather and fabric-upholstered furniture. The Company operates through three segments: casegoods furniture, upholstered furniture and all other.

5 Day Chart for NASDAQ:HOFT

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