Interface, Inc. (TILE) To Go Ex-Dividend on June 5th

Interface, Inc. (NASDAQ:TILE) announced a quarterly dividend on Tuesday, May 19th. Investors of record on Friday, June 5th will be paid a dividend of 0.03 per share by the textile maker on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, June 5th.

Interface has decreased its dividend payment by an average of 0.1%annually over the last three years. Interface has a dividend payout ratio of 6.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Interface to earn $2.33 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 5.2%.

Interface Price Performance

Shares of TILE stock opened at $28.78 on Wednesday. Interface has a 52-week low of $19.81 and a 52-week high of $35.11. The stock has a 50 day moving average price of $27.38 and a 200 day moving average price of $28.72. The firm has a market capitalization of $1.67 billion, a P/E ratio of 13.45, a P/E/G ratio of 0.92 and a beta of 1.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.16 and a current ratio of 2.43.

Interface (NASDAQ:TILE) last announced its quarterly earnings data on Friday, May 8th. The textile maker reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. Interface had a net margin of 8.92% and a return on equity of 20.09%. The company had revenue of $331.04 million during the quarter, compared to analyst estimates of $320.38 million. During the same quarter last year, the business posted $0.25 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, sell-side analysts predict that Interface will post 2.11 earnings per share for the current year.

About Interface

Interface, Inc (NASDAQ: TILE) is a global manufacturer of modular flooring and resilient commercial flooring solutions. The company specializes in carpet tiles, luxury vinyl tile (LVT) and other environmentally responsible hard-surface products designed for use in corporate, education, healthcare, hospitality and retail environments. Interface’s portfolio also includes broadloom carpet, rubber flooring and acoustic underlays, all engineered to meet performance, design and sustainability requirements in modern interior spaces.

Founded in 1973 by Ray C.