Ethan Allen Declares Special Cash Dividend and Regular Quarterly Cash Dividend
Ethan Allen Interiors Inc. (NYSE:ETD) announced a $0.50 special cash dividend alongside a regular quarterly cash dividend of $0.32 per share, both payable on August 30, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Ethan Allen Interiors Inc. (NYSE:ETD) announced a $0.50 special cash dividend alongside a regular quarterly cash dividend of $0.32 per share, both payable on August 30, 2022. Shareholders of record by August 16, 2022 will benefit from this distribution. Chairman Farooq Kathwari emphasized the company's commitment to returning capital to shareholders. Detailed financial results for the fourth quarter and full fiscal year ending June 30, 2022, are set to be released tomorrow.
Positive
- Declaration of a special cash dividend of $0.50 per share to reward shareholders.
- Continuing regular quarterly cash dividend of $0.32 per share fosters shareholder confidence.
Negative
- None.
Details
News Market Reaction – ETD
The recorded move for ETD in the trading session of this news was +2.91%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DANBURY, CT, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or “the Company”) (NYSE:ETD) announced today that its Board of Directors has declared a
Farooq Kathwari, Ethan Allen’s Chairman, President and CEO commented, “We have a strong history of returning capital to shareholders and are pleased to continue this practice. Accordingly, we are announcing a special cash dividend of
ABOUT ETHAN ALLEN
Ethan Allen Interiors Inc. (NYSE: ETD) is a leading interior design company, manufacturer and retailer in the home furnishings marketplace. The Company is a global luxury home fashion brand that is vertically integrated from product design through home delivery, which offers its customers stylish product offerings, artisanal quality, and personalized service. The Company provides complimentary interior design service to its clients and sells a full range of home furnishings through a retail network of design centers located throughout the United States and abroad as well as online at ethanallen.com. Ethan Allen owns and operates ten manufacturing facilities located in the United States, Mexico and Honduras, including one sawmill, one rough mill and a lumberyard. Approximately
For more information on Ethan Allen's products and services, visit www.ethanallen.com.
Investor / Media Contact:
Matt McNulty
Senior Vice President, Chief Financial Officer and Treasurer
IR@ethanallen.com
FAQ
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