Ethan Allen Increases Quarterly Cash Dividend

(Neutral)

Rhea-AI Summary

Ethan Allen Interiors Inc. (NYSE:ETH) has declared a quarterly cash dividend of $0.25 per share, reflecting a 19% increase. This dividend is payable on January 21, 2021, to shareholders recorded as of January 7, 2021. Chairman and CEO Farooq Kathwari expressed optimism about the company's resilience through past economic challenges, indicating a robust future ahead.

Positive

Quarterly cash dividend increased by 19% to $0.25 per share.

Negative

None.

News Market Reaction – ETH

+3.31%

+3.31% News Effect

On the day this news was published, ETH gained 3.31%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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11/12/2020 - 04:10 PM

DANBURY, CT, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Ethan Allen Interiors Inc. (“Ethan Allen” or “the Company”) (NYSE:ETH) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per share, payable on January 21, 2021 to shareholders of record at the close of business on January 7, 2021.

Farooq Kathwari, Chairman and CEO commented, “We are pleased that our Board made the decision to increase our regular quarterly dividend to $0.25, a 19% increase. These are unprecedent times. Our enterprise over the last 89 years has gone through the Great Depression, a World War, and several recessions including the Great Recession. We have come out stronger and more vibrant each time. We look forward to continuing our progress and remain cautiously optimistic.”

ABOUT ETHAN ALLEN

Ethan Allen Interiors Inc. (NYSE: ETH) is a leading interior design company, manufacturer and retailer in the home furnishings marketplace. Today the Company is a global luxury international home fashion brand that is vertically integrated from design through delivery, which affords its clientele a value proposition of style, quality and price. The Company provides complimentary interior design service to its clients and sells a full range of furniture products and decorative accents through a retail network of approximately 300 design centers in the United States and abroad as well as online at ethanallen.com. The design centers represent a mix of independent licensees and Company-owned and operated locations. The Company operates retail design centers located in the United States and Canada. The independently operated design centers are located in the United States, Asia, the Middle East and Europe. Ethan Allen owns and operates nine manufacturing facilities, including six manufacturing plants in the United States, two manufacturing plants in Mexico and one manufacturing plant in Honduras. Approximately 75% of its products are manufactured or assembled in these North American facilities.

For more information on Ethan Allen's products and services, visit www.ethanallen.com.

Investor / Media Contact:
Matt McNulty
Vice President, Finance
IR@ethanallen.com

FAQ

What is the new dividend amount for Ethan Allen (ETH)?

The new quarterly cash dividend for Ethan Allen is $0.25 per share.

When will the dividend be paid to shareholders of ETH?

The dividend will be paid on January 21, 2021.

What is the record date for the Ethan Allen dividend?

The record date for the dividend is January 7, 2021.

How much of an increase was the latest dividend for ETH?

The latest dividend represents a 19% increase.