Flexsteel Industries, Inc. (FLXS) To Go Ex-Dividend on September 19th
Flexsteel Industries, Inc. (NASDAQ:FLXS) announced a quarterly dividend on Monday, September 9th, Zacks reports. Investors of record on Friday, September 20th will be given a dividend of 0.22 per share on Monday, October 7th. This represents a $0.88 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Thursday, September 19th.
Flexsteel Industries has increased its dividend by an average of 6.9% per year over the last three years and has increased its dividend annually for the last 9 consecutive years.
FLXS traded up $0.48 during trading on Wednesday, reaching $16.61. The stock had a trading volume of 33,444 shares, compared to its average volume of 25,549. The company has a market capitalization of $124.02 million, a price-to-earnings ratio of 78.55 and a beta of 1.55. The stock’s 50 day moving average is $16.19 and its two-hundred day moving average is $19.80. Flexsteel Industries has a one year low of $12.98 and a one year high of $34.33.
In other news, VP Carl Anthony Jr. Hayden acquired 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were bought at an average cost of $13.58 per share, for a total transaction of $27,160.00. Following the acquisition, the vice president now directly owns 2,000 shares in the company, valued at approximately $27,160. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jerald K. Dittmer acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was purchased at an average price of $13.39 per share, for a total transaction of $66,950.00. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 11,650 shares of company stock worth $156,978. 6.10% of the stock is owned by company insiders.
Separately, ValuEngine raised shares of Flexsteel Industries from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.
Flexsteel Industries Company Profile
Flexsteel Industries, Inc, together with its subsidiaries, manufactures, imports, and markets residential and contract upholstered and wood furniture products in the United States. It offers its products for use in home, hotel, healthcare, recreational vehicle, marine, and office applications. The company distributes its products through its sales force and independent representatives.
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