Ethan Allen Increases Quarterly Cash Dividend by 16%
November 30 2021 - 4:05PM
Ethan Allen Interiors Inc. (“Ethan Allen” or “the Company”) (NYSE:
ETD) announced today that its Board of Directors has declared a
regular quarterly cash dividend of $0.29 per share, payable on
January 5, 2022 to shareholders of record at the close of business
on December 14, 2021.
Farooq Kathwari, Ethan Allen’s Chairman,
President and CEO commented, “We have a strong history of returning
capital to shareholders and are pleased to continue this practice
by increasing our regular quarterly dividend by 16% to $0.29 per
share. The Board’s decision today highlights our strong balance
sheet and operating results allowing for these returns to
stockholders. As we head into the 2022 calendar year, we believe we
have a great opportunity to continue our growth in sales and
profitability due to our talented team, strong retail network, the
personal service of our interior design professionals
increasingly combined with technology, our unique vertical
integration whereby 75% of products are made in our North American
manufacturing workshops, and our strong logistics network of
national distribution centers and retail home delivery centers
delivering product with white glove service to our clients’ homes.
We look forward to continuing our progress and remain cautiously
optimistic.”
ABOUT ETHAN ALLEN
Ethan Allen Interiors Inc. (NYSE: ETD) is a
leading interior design company, manufacturer and retailer in the
home furnishings marketplace. The Company is a global luxury home
fashion brand that is vertically integrated from product design
through home delivery, which offers its customers stylish product
offerings, artisanal quality, and personalized service. The Company
provides complimentary interior design service to its clients and
sells a full range of home furnishings through a retail network of
approximately 300 design centers in the United States and abroad as
well as online at ethanallen.com. Ethan Allen owns and operates
nine manufacturing facilities located in the United States, Mexico
and Honduras, including one sawmill, one rough mill and a
lumberyard. Approximately 75% of its products are manufactured or
assembled in these North American facilities.
For more information on Ethan Allen's products
and services, visit www.ethanallen.com.
Investor / Media Contact:
Matt McNulty Vice President, Finance IR@ethanallen.com
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