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Stock impact report

Flexsteel Industries, Inc. Announces Quarterly Dividend and Authorizes New Share Repurchase Program

Flexsteel Industries, Inc. (FLXS) 
US:NASDAQ Investor Relations: flexsteel.com/content/investors
Company Research Source: Business Wire
DUBUQUE, Iowa--(BUSINESS WIRE)--Flexsteel Industries, Inc. (NASDAQ:FLXS), announced its Board of Directors declared a quarterly dividend of $0.17 per share, payable January 8, 2025, to shareholders of record as of December 28, 2024.Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 332nd consecutive quarterly cash dividend.Share Repurchase ProgramsOn December 11, 2024, the Company’s Board of Directors approved a new share repurchase program authorizing the Company to purchase up to an aggregate of $30 million of the Company’s common stock. As of this date, there is approximately $2.1 million of remaining authorization under the previous share repurchase program approved on January 20, 2022, which expires on January 19, 2025. There are no modifications to the previous program. There is no guarantee as to the exact number or value of shares that will be repurchased by the Company, and the Company is not obligated to make any share repurchases in Show less Read more
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