Ethan Allen Interiors Inc. Declares Regular Quarterly Dividend and Increases Share Repurchase Authorization to 2.5 Million Share
November 15 2005 - 1:43PM
Business Wire
Ethan Allen Interiors Inc. (NYSE: ETH) announced today that its
Board of Directors has declared a regular quarterly cash dividend
of $0.18 per share. In addition, the Board of Directors increased
the authorization for the Company to repurchase up to 2,500,000
shares of its common stock. The regular quarterly dividend of $0.18
per share will be payable to shareholders of record as January 10,
2006 and will be paid on January 25, 2006. Prior to today's board
action the Company had a remaining authorization to repurchase
393,100 shares of its common stock. The authorization to repurchase
common stock was increased by 2,106,900 shares to a current
authorization level of 2,500,000 shares. Chairman and CEO Farooq
Kathwari said, "We are pleased with our progress in positioning our
business to grow, and we are gratified to have the financial
strength to continue our quarterly dividend and to repurchase
shares when it makes good business and financial sense." The
webcast of the business overview presentation made at the Annual
Shareholder meeting is available on the Company's website at
http://www.ethanallen.com/investors. Ethan Allen Interiors Inc. is
a leading manufacturer and retailer of quality home furnishings.
The Company sells a full range of furniture products and decorative
accessories through an exclusive network of 311 retail stores
located in the United States and abroad and has 11 domestic
manufacturing facilities.
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