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 March 31, 2025, to shareholders of record on March 17, 2025. The announcement was made by the board of directors on March 5, 2025.

Currently in its 100th year of business, Hooker Furnishings operates as a designer, marketer, and importer of various furniture categories including casegoods, leather and fabric-upholstered furniture, lighting, and home décor. The company's portfolio includes several brands targeting different market segments:

• Hooker Furniture - upper-medium price points casegoods
• Bradington-Young - upscale leather furniture
• HF Custom - fashion-forward custom upholstery
• Home Meridian division - moderate price points
• Sunset West division - outdoor furniture

Positive

• Consistent dividend payment maintained at $0.23 per share
• Diversified product portfolio across multiple price points and market segments
• Strong market presence with 100-year business legacy
• Extensive distribution network across US and Vietnam

Negative

• None.

MARTINSVILLE, Va., March 05, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (Nasdaq-GS: HOFT) announced that on March 5, 2025, its board of directors declared a quarterly cash dividend of $0.23 per share, payable on March 31, 2025, to shareholders of record on March 17, 2025.

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

FAQ

What is the latest quarterly dividend amount announced by Hooker Furnishings (HOFT)?

Hooker Furnishings announced a quarterly dividend of $0.23 per share on March 5, 2025.

When is the next HOFT dividend payment date and record date?

The dividend is payable on March 31, 2025, to shareholders of record as of March 17, 2025.

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

Key brands include Hooker Furniture, Bradington-Young, HF Custom, Home Meridian (Pulaski Furniture, Samuel Lawrence), and Sunset West.

What market segments does Hooker Furnishings (HOFT) serve in 2025?

HOFT serves residential, hospitality, and contract markets with products ranging from upper-medium price points to value-conscious offerings.