Hooker Furniture Declares Quarterly Dividend
March 05 2018 - 2:30PM
Hooker Furniture Corporation (NASDAQ:HOFT) announced that on March
5, 2018, its board of directors declared a quarterly cash dividend
of $0.14 per share, payable on March 30, 2018 to shareholders of
record at March 19, 2018.
Hooker Furniture Corporation, in its 93rd year
of business, is a designer, marketer and importer of casegoods
(wooden and metal furniture), leather furniture and
fabric-upholstered furniture for the residential, hospitality and
contract markets. The Company also domestically manufactures
premium residential custom leather and custom fabric-upholstered
furniture. It is ranked among the nation’s largest publicly traded
furniture sources, based on 2016 shipments to U.S. retailers,
according to a 2017 survey by a leading trade publication. Major
casegoods product categories include home entertainment, home
office, accent, dining, and bedroom furniture in the upper-medium
price points sold under the Hooker Furniture brand. Hooker’s
residential upholstered seating product lines include
Bradington-Young, a specialist in upscale motion and stationary
leather furniture, Sam Moore Furniture, a specialist in upscale
occasional chairs, settees, sofas and sectional seating with an
emphasis on cover-to-frame customization, Hooker Upholstery,
imported upholstered furniture targeted at the upper-medium
price-range and Shenandoah Furniture, an upscale upholstered
furniture company specializing in private label sectionals,
modulars, sofas, chairs, ottomans, benches, beds and dining chairs
in the upper-medium price points for lifestyle specialty
retailers. The H Contract product line supplies upholstered
seating and casegoods to upscale senior living facilities. The Home
Meridian division addresses more moderate price points and channels
of distribution not currently served by other Hooker Furniture
divisions or brands. Home Meridian’s brands include Pulaski
Furniture, specializing in casegoods covering the complete design
spectrum in a wide range of bedroom, dining room, accent and
display cabinets at medium price points, Samuel Lawrence Furniture,
specializing in value-conscious offerings in bedroom, dining room,
home office and youth furnishings, Prime Resources, value-conscious
imported leather upholstered furniture, Right 2 Home, a supplier to
internet furniture retailers, and Samuel Lawrence Hospitality, a
designer and supplier of hotel furnishings. Hooker Furniture
Corporation’s corporate offices and upholstery manufacturing
facilities are located in Virginia and North Carolina, with
showrooms in High Point, N.C. and Ho Chi Minh City, Vietnam. The
company operates eight distribution centers in North Carolina,
Virginia, California and Vietnam. Please visit our websites
hookerfurniture.com, bradington-young.com, sammoore.com,
hcontractfurniture.com, homemeridian.com, pulaskifurniture.com and
slh-co.com.
For more information,
contact:Paul A. Huckfeldt, Senior Vice
President-Finance and CFOHooker Furniture
Corporation, 276.666.3949
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