Culp, Inc. Announces Quarterly Dividend of $0.09 (CULP)
Culp, Inc. (NYSE:CULP) announced a quarterly dividend on Thursday, June 14th, Wall Street Journal reports. Shareholders of record on Monday, July 2nd will be given a dividend of 0.09 per share by the textile maker on Monday, July 16th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Friday, June 29th.
Shares of Culp traded down $4.50, reaching $26.25, during midday trading on Thursday, according to MarketBeat.com. 253,215 shares of the company were exchanged, compared to its average volume of 18,015. The stock has a market cap of $392.80 million, a PE ratio of 15.45 and a beta of 0.17. Culp has a one year low of $25.01 and a one year high of $34.05.
Culp (NYSE:CULP) last posted its earnings results on Wednesday, June 13th. The textile maker reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). The company had revenue of $78.18 million for the quarter, compared to the consensus estimate of $78.35 million. Culp had a return on equity of 13.46% and a net margin of 4.46%. analysts expect that Culp will post 1.72 EPS for the current year.
Culp, Inc manufacturers, sources, markets, and sells mattress fabrics, sewn covers, and cut and sewn kits for use in mattresses, foundations, and other bedding products in North America, the Far East, Asia, and internationally. It operates through two segments, Mattress Fabrics and Upholstery Fabrics.
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