Ethan Allen Interiors Inc. (NYSE:ETD) Announces $0.39 Quarterly Dividend

Ethan Allen Interiors Inc. (NYSE:ETD) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Tuesday, February 11th will be given a dividend of 0.39 per share on Wednesday, February 26th. This represents a $1.56 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Tuesday, February 11th.

Ethan Allen Interiors has increased its dividend payment by an average of 5.9% annually over the last three years. Ethan Allen Interiors has a payout ratio of 62.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ethan Allen Interiors to earn $2.55 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 61.2%.

Ethan Allen Interiors Trading Up 10.9 %

ETD stock traded up $3.11 during mid-day trading on Thursday, hitting $31.68. The stock had a trading volume of 1,047,632 shares, compared to its average volume of 238,312. The firm has a fifty day simple moving average of $29.11 and a 200 day simple moving average of $29.86. The firm has a market capitalization of $805.50 million, a P/E ratio of 12.82 and a beta of 1.31. Ethan Allen Interiors has a 52 week low of $26.53 and a 52 week high of $35.62.

Ethan Allen Interiors (NYSE:ETD) last announced its quarterly earnings data on Wednesday, January 29th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). Ethan Allen Interiors had a net margin of 9.99% and a return on equity of 13.12%. As a group, equities analysts expect that Ethan Allen Interiors will post 2.3 earnings per share for the current fiscal year.

Insider Activity at Ethan Allen Interiors

In other news, CEO M Farooq Kathwari sold 10,000 shares of the company’s stock in a transaction on Friday, January 17th. The shares were sold at an average price of $28.67, for a total value of $286,700.00. Following the sale, the chief executive officer now directly owns 1,651,905 shares of the company’s stock, valued at approximately $47,360,116.35. This represents a 0.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.48% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ETD has been the subject of several research analyst reports. Argus reissued a “hold” rating on shares of Ethan Allen Interiors in a research note on Monday, January 13th. Telsey Advisory Group reiterated a “market perform” rating and set a $32.00 price objective on shares of Ethan Allen Interiors in a research report on Thursday.

About Ethan Allen Interiors

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.