Ethan Allen Interiors Inc. (ETD) to Issue Special Dividend of $3.00 on September 17th

Ethan Allen Interiors Inc. (NYSE:ETD) declared a special dividend on Wednesday, August 19th. Shareholders of record on Thursday, September 3rd will be given a dividend of 3.00 per share on Thursday, September 17th. The ex-dividend date is Thursday, September 3rd.

Ethan Allen Interiors has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Ethan Allen Interiors has a dividend payout ratio of 73.9% meaning its dividend is sufficiently covered by earnings.

Ethan Allen Interiors Stock Up 0.8%

ETD opened at $23.65 on Tuesday. The stock has a fifty day moving average of $22.78 and a 200-day moving average of $22.09. The firm has a market capitalization of $601.89 million, a P/E ratio of 15.16 and a beta of 1.02. Ethan Allen Interiors has a 12-month low of $18.28 and a 12-month high of $30.80.

Ethan Allen Interiors (NYSE:ETD) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.02. The business had revenue of $146.75 million for the quarter, compared to the consensus estimate of $148.70 million. Ethan Allen Interiors had a return on equity of 7.88% and a net margin of 6.88%.Ethan Allen Interiors’s revenue for the quarter was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. On average, analysts expect that Ethan Allen Interiors will post 1.3 earnings per share for the current fiscal year.

Institutional Trading of Ethan Allen Interiors

Several large investors have recently added to or reduced their stakes in ETD. Unison Advisors LLC lifted its stake in shares of Ethan Allen Interiors by 1.6% in the 1st quarter. Unison Advisors LLC now owns 32,603 shares of the company’s stock valued at $726,000 after purchasing an additional 517 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ethan Allen Interiors by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,544 shares of the company’s stock worth $375,000 after purchasing an additional 538 shares during the last quarter. Vident Advisory LLC boosted its position in Ethan Allen Interiors by 4.1% during the second quarter. Vident Advisory LLC now owns 17,755 shares of the company’s stock worth $494,000 after purchasing an additional 692 shares during the period. GAMMA Investing LLC grew its holdings in Ethan Allen Interiors by 6.0% during the second quarter. GAMMA Investing LLC now owns 12,726 shares of the company’s stock valued at $284,000 after purchasing an additional 715 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Ethan Allen Interiors by 4.6% in the third quarter. Franklin Resources Inc. now owns 17,426 shares of the company’s stock valued at $513,000 after purchasing an additional 770 shares during the period. 83.80% of the stock is owned by institutional investors.

About Ethan Allen Interiors

Ethan Allen Interiors Inc (NYSE: ETD) is a vertically integrated manufacturer and retailer of home furnishings, offering a broad range of furniture, upholstery, case goods and decorative accessories. The company designs and produces the majority of its products in its own North American manufacturing facilities, maintaining close control over quality, craftsmanship and production schedules. Through its network of company-operated and franchised Design Centers and galleries, Ethan Allen delivers a full-service offering that includes on-site interior design consultations and project management.

Founded in 1932 as a small Colonial-Revival furniture maker in northern Vermont, Ethan Allen has grown into a global brand known for its timeless styles and customization options.