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Stock impact report

Flexsteel (FLXS) Increases Dividend by 13% to Reward Investors [Yahoo! Finance]

Flexsteel Industries, Inc. (FLXS) 
US:NASDAQ Investor Relations: flexsteel.com/content/investors
Company Research Source: Yahoo! Finance
The largest manufacturer, importer, and marketer of residential furniture products will pay out a quarterly dividend of 17 cents per share on Oct. 7, 2024, to shareholders on record as of Sept. 25. The company currently has a dividend payout ratio of 28% and a dividend yield of 1.5%, based on the closing share price of $39.80 on Sept. 10. This marks the company's 331st consecutive quarterly cash dividend. With the recent move, FLXS is maintaining its commitment to increase stockholders' returns. The dividend increase reflects FLXS' sound and stable financial position and commitment to rewarding shareholders amid industry-wide challenges. What's Driving FLXS' Growth? Flexsteel has been paying cash dividends for decades. It has been consistently sharing its cash flows with shareholders and maintaining a strong financial position. The company ended fourth-quarter fiscal 2024 (ended June 30, 2024) with cash and cash equivalents of $4.8 million compared with $3.4 million at fiscal Show less Read more
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