Hooker Furnishings Declares Quarterly Dividend

Rhea-AI Summary

Hooker Furnishings (NASDAQ: HOFT) has declared a quarterly cash dividend of $0.23 per share, payable on June 30, 2025, to shareholders of record as of June 16, 2025. The company, now in its 101st year, is a prominent designer, marketer, and importer of furniture and home décor products across multiple brands and price points. Their portfolio includes wooden and metal furniture, leather and fabric-upholstered furniture, lighting, and accessories for residential, hospitality, and contract markets. Key brands include Hooker Furniture, Bradington-Young, HF Custom, Pulaski Furniture, and Sunset West, with operations spanning manufacturing facilities in Virginia, North Carolina, and California, along with showrooms in major cities and distribution centers in the US and Vietnam.

Positive

• Consistent dividend payment demonstrates financial stability and commitment to shareholder returns
• Diverse product portfolio across multiple price points and market segments
• Strong market presence with 101 years of business experience
• Extensive manufacturing and distribution network across US and Vietnam

Negative

• None.

MARTINSVILLE, Va., June 04, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on June 3, 2025, its board of directors declared a quarterly cash dividend of $0.23 per share, payable on June 30, 2025, to shareholders of record on June 16, 2025.

Hooker Furnishings Corporation, in its 101st year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture, fabric-upholstered furniture, lighting, accessories, and home décor for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture and outdoor furniture. Major casegoods product categories include home entertainment, home office, accent, dining, and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand. Hooker’s residential upholstered seating product lines include Bradington-Young, a specialist in upscale motion and stationary leather furniture, HF Custom (formerly Sam Moore), a specialist in fashion forward custom upholstery offering a selection of chairs, sofas, sectionals, recliners and a variety of accent upholstery pieces, Hooker Upholstery, imported upholstered furniture targeted at the upper-medium price-range and Shenandoah Furniture, an upscale upholstered furniture company specializing in private label sectionals, modulars, sofas, chairs, ottomans, benches, beds and dining chairs in the upper-medium price points for lifestyle specialty retailers. The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities. The Home Meridian division addresses more moderate price points and channels of distribution not currently served by other Hooker Furnishings divisions or brands. Home Meridian’s brands include Pulaski Furniture, casegoods covering the complete design spectrum in a wide range of bedroom, dining room, accent and display cabinets at medium price points, Samuel Lawrence Furniture, value-conscious offerings in bedroom, dining room, home office and youth furnishings, Prime Resources International, value-conscious imported leather upholstered furniture, and Samuel Lawrence Hospitality, a designer and supplier of hotel furnishings. The Sunset West division is a designer and manufacturer of comfortable, stylish and high-quality outdoor furniture. Hooker Furnishings Corporation’s corporate offices and upholstery manufacturing facilities are located in Virginia, North Carolina and California, with showrooms in High Point, N.C., Las Vegas, N.V., Atlanta, G.A. and Ho Chi Minh City, Vietnam. The company operates distribution centers in Virginia, North Carolina, Georgia, and Vietnam. Please visit our websites hookerfurnishings.com, hookerfurniture.com, bradington-young.com, hfcustomfurniture.com, hcontractfurniture.com, homemeridian.com, pulaskifurniture.com, slh-co.com, and sunsetwestusa.com.

For more information, contact:
C. Earl Armstrong, Senior Vice President-Finance and CFO
Hooker Furnishings Corporation, 276.666.3969

FAQ

What is the dividend amount and payment date for Hooker Furnishings (HOFT) in June 2025?

Hooker Furnishings declared a quarterly cash dividend of $0.23 per share, payable on June 30, 2025, to shareholders of record as of June 16, 2025.

What are the main brands owned by Hooker Furnishings (HOFT)?

Hooker Furnishings' main brands include Hooker Furniture, Bradington-Young, HF Custom, Pulaski Furniture, Samuel Lawrence Furniture, Prime Resources International, and Sunset West.

Where are Hooker Furnishings' (HOFT) manufacturing facilities located?

Hooker Furnishings' manufacturing facilities are located in Virginia, North Carolina, and California, with distribution centers in Virginia, North Carolina, Georgia, and Vietnam.

How long has Hooker Furnishings (HOFT) been in business?

Hooker Furnishings is in its 101st year of business as of 2025.

What markets does Hooker Furnishings (HOFT) serve?

Hooker Furnishings serves the residential, hospitality, and contract markets with furniture and home décor products across various price points.