Interface, Inc. (TILE) To Go Ex-Dividend on September 4th

Interface, Inc. (NASDAQ:TILE) declared a quarterly dividend on Thursday, August 20th. Stockholders of record on Friday, September 4th will be given a dividend of 0.03 per share by the textile maker on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 4th.

Interface has decreased its dividend payment by an average of 0.1%per year over the last three years. Interface has a payout ratio of 6.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Interface to earn $2.54 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 4.7%.

Interface Price Performance

Shares of NASDAQ:TILE opened at $38.94 on Friday. Interface has a twelve month low of $24.40 and a twelve month high of $40.50. The firm has a market capitalization of $2.26 billion, a PE ratio of 15.77, a P/E/G ratio of 1.10 and a beta of 1.90. The company has a quick ratio of 1.35, a current ratio of 2.53 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $34.73 and a two-hundred day moving average price of $30.97.

Interface (NASDAQ:TILE) last issued its earnings results on Friday, August 7th. The textile maker reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.24. The business had revenue of $395.70 million for the quarter, compared to analysts’ expectations of $391.22 million. Interface had a net margin of 10.10% and a return on equity of 21.77%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. Equities analysts forecast that Interface will post 2.36 EPS 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.