Culp, Inc. (NASDAQ:CULP) declared a quarterly dividend on Thursday, August 31st, Wall Street Journal reports. Shareholders of record on Monday, October 2nd will be given a dividend of 0.08 per share on Monday, October 16th. This represents a $0.32 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Friday, September 29th.

Culp (NASDAQ CULP) opened at 32.50 on Thursday. The firm has a market cap of $401.60 million and a PE ratio of 18.26. Culp has a 12-month low of $26.80 and a 12-month high of $37.80. The firm’s 50-day moving average is $28.75 and its 200 day moving average is $31.26.

Culp (NASDAQ:CULP) last issued its quarterly earnings data on Wednesday, August 30th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.13). Culp had a net margin of 6.27% and a return on equity of 13.40%. The firm had revenue of $79.53 million during the quarter, compared to analyst estimates of $80.01 million. Equities research analysts predict that Culp will post $1.59 EPS for the current year.

Separately, Zacks Investment Research downgraded shares of Culp from a “hold” rating to a “sell” rating in a research report on Thursday, August 31st.

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About Culp

Culp, Inc is a producer of mattress fabrics and marketer of upholstery fabrics for furniture in North America. The Company is engaged in the manufacture, sourcing and marketing of mattress fabrics and sewn covers used for covering mattresses and box springs, and upholstery fabrics, including cut and sewn kits used in production of upholstered furniture.

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