Hooker Furnishings Declares Quarterly Dividend

Rhea-AI Summary

Hooker Furnishings (Nasdaq-GS: HOFT) has declared a quarterly cash dividend of $0.23 per share, payable on September 30, 2024, to shareholders of record on September 13, 2024. The dividend was announced on September 3, 2024, by the company's board of directors.

Hooker Furnishings, celebrating its 100th year in business, is a prominent player in the furniture industry. The company designs, markets, and imports a wide range of furniture products for residential, hospitality, and contract markets. Its portfolio includes well-known brands such as Hooker Furniture, Bradington-Young, HF Custom, and Sunset West, catering to various price points and market segments.

Positive

• Consistent dividend payment, indicating financial stability
• Diverse product portfolio covering multiple market segments
• 100 years of business experience, suggesting longevity and market resilience

Negative

• None.

MARTINSVILLE, Va., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on September 3, 2024, its board of directors declared a quarterly cash dividend of $0.23 per share, payable on September 30, 2024, to shareholders of record on September 13, 2024.

Hooker Furnishings Corporation, in its 100th 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, NC, Las Vegas, NV, Atlanta, GA and Ho Chi Minh City, Vietnam. The company operates distribution centers in Virginia, 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:
Paul A. Huckfeldt, Senior Vice President-Finance and CFO
Hooker Furnishings Corporation, 276.666.3949

FAQ

What is the amount of Hooker Furnishings' (HOFT) latest quarterly dividend?

Hooker Furnishings (HOFT) declared a quarterly cash dividend of $0.23 per share on September 3, 2024.

When will Hooker Furnishings (HOFT) pay its latest declared dividend?

The dividend will be paid on September 30, 2024, to shareholders of record on September 13, 2024.

What major brands are part of Hooker Furnishings' (HOFT) portfolio?

Hooker Furnishings' portfolio includes brands such as Hooker Furniture, Bradington-Young, HF Custom, Shenandoah Furniture, Pulaski Furniture, Samuel Lawrence Furniture, and Sunset West.

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

Hooker Furnishings is celebrating its 100th year in business, as mentioned in the press release.