Hooker Furnishings Co. (HOFT) To Go Ex-Dividend on March 17th

Hooker Furnishings Co. (NASDAQ:HOFT) declared a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors of record on Monday, March 17th will be given a dividend of 0.23 per share on Monday, March 31st. This represents a $0.92 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Monday, March 17th.

Hooker Furnishings has raised its dividend by an average of 7.5% per year over the last three years. Hooker Furnishings has a dividend payout ratio of 55.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hooker Furnishings to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 83.6%.

Hooker Furnishings Trading Down 0.4 %

HOFT stock opened at $12.17 on Friday. The company has a market capitalization of $130.34 million, a PE ratio of -13.37, a P/E/G ratio of 0.85 and a beta of 1.16. Hooker Furnishings has a 12 month low of $12.06 and a 12 month high of $24.18. The firm’s 50-day moving average is $12.98 and its 200 day moving average is $15.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.16 and a quick ratio of 1.76.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Hooker Furnishings from a “hold” rating to a “sell” rating in a research report on Friday, February 28th.

Insider Buying and Selling at Hooker Furnishings

In other Hooker Furnishings news, Director Paulette Garafalo sold 2,489 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $17.10, for a total transaction of $42,561.90. Following the transaction, the director now owns 20,783 shares of the company’s stock, valued at approximately $355,389.30. This trade represents a 10.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.

Hooker Furnishings Company Profile

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand.