Ethan Allen Interiors Inc. to Issue Quarterly Dividend of $0.39 (NYSE:ETD)

Ethan Allen Interiors Inc. (NYSE:ETD - Get Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.39 per share on Wednesday, November 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Tuesday, November 12th.

Ethan Allen Interiors has increased its dividend by an average of 30.5% per year over the last three years. Ethan Allen Interiors has a payout ratio of 67.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Ethan Allen Interiors to earn $2.65 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 58.9%.

Ethan Allen Interiors Stock Performance

Shares of NYSE ETD traded up $0.26 during mid-day trading on Friday, reaching $27.94. The company's stock had a trading volume of 247,186 shares, compared to its average volume of 233,129. The stock has a 50-day moving average of $30.56 and a two-hundred day moving average of $29.71. The stock has a market capitalization of $710.39 million, a P/E ratio of 11.31 and a beta of 1.25. Ethan Allen Interiors has a 1-year low of $25.33 and a 1-year high of $35.62.

Ethan Allen Interiors (NYSE:ETD - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. Ethan Allen Interiors had a net margin of 9.99% and a return on equity of 13.10%. The firm had revenue of $154.34 million during the quarter, compared to analysts' expectations of $159.60 million. Analysts predict that Ethan Allen Interiors will post 2.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Ethan Allen Interiors news, CEO M Farooq Kathwari sold 10,000 shares of Ethan Allen Interiors stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $31.74, for a total transaction of $317,400.00. Following the completion of the sale, the chief executive officer now directly owns 1,708,905 shares in the company, valued at $54,240,644.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 30,000 shares of company stock worth $929,700. Insiders own 10.48% of the company's stock.

Analyst Ratings Changes

Separately, Telsey Advisory Group restated a "market perform" rating and set a $32.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday.

Ethan Allen Interiors Company Profile

Ethan Allen Interiors Inc operates as an interior design company, and manufacturer and retailer of home furnishings in the United States, Mexico, Honduras, and Canada. The company operates in two segments, Wholesale and Retail. Its products include case goods items, such as beds, dressers, armoires, tables, chairs, buffets, entertainment units, home office furniture, and wooden accents; upholstery comprising fabric-covered items, such as sleepers, recliners and other motion furniture, chairs, ottomans, custom pillows, sofas, loveseats, cut fabrics, and leather; and home accent items consisting of window treatments and drapery hardware, wall decors, florals, lighting, clocks, mattresses, bedspreads, throws, pillows, decorative accents, area rugs, wall coverings, and home and garden furnishings.