Flexsteel Announces 33% Dividend Increase
September 12 2011 - 5:32PM
Business Wire
Flexsteel Industries, Inc. (NASDAQ: FLXS) … The Board of
Directors of Flexsteel Industries, Inc. declared a quarterly
dividend of $0.10 per share, a 33% increase, payable October 6,
2011 to shareholders of record as of September 22, 2011. The Board
of Directors emphasized their commitment to improve shareholder
value through increased dividends based upon sustainable earnings
per share.
Flexsteel has paid cash dividends each year since 1938 on its
common stock. This is the 279th consecutive cash dividend. The
Company has no restrictions on the payment of dividends. The
Company believes that its cash flow and operating income levels are
supportive of the current dividend.
Flexsteel Industries, Inc. is headquartered in Dubuque, Iowa,
and was incorporated in 1929. Flexsteel is a designer,
manufacturer, importer and marketer of quality upholstered and wood
furniture for residential, recreational vehicle, office,
hospitality and healthcare markets. All products are distributed
nationally.
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