Hooker Furniture Co. (NASDAQ:HOFT) announced a quarterly dividend on Friday, September 4th, Wall Street Journal reports. Shareholders of record on Friday, September 18th will be paid a dividend of 0.16 per share on Wednesday, September 30th. This represents a $0.64 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, September 17th.

Hooker Furniture has increased its dividend payment by 45.2% over the last three years and has increased its dividend annually for the last 4 consecutive years. Hooker Furniture has a dividend payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings.

NASDAQ:HOFT opened at $27.60 on Wednesday. The company has a market cap of $328.16 million, a P/E ratio of -17.81 and a beta of 0.83. Hooker Furniture has a twelve month low of $12.30 and a twelve month high of $29.16. The company’s 50-day moving average price is $24.06 and its 200-day moving average price is $18.56.

Hooker Furniture (NASDAQ:HOFT) last released its earnings results on Thursday, September 3rd. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.14. Hooker Furniture had a negative net margin of 3.24% and a positive return on equity of 6.11%.

Several analysts have issued reports on HOFT shares. BidaskClub upgraded Hooker Furniture from a “buy” rating to a “strong-buy” rating in a report on Tuesday, September 1st. ValuEngine lowered shares of Hooker Furniture from a “hold” rating to a “sell” rating in a report on Monday, June 15th. Finally, Sidoti lifted their target price on shares of Hooker Furniture from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Monday, August 31st.

Hooker Furniture Company Profile

Hooker Furniture Corporation, together with its subsidiaries, designs, manufactures, imports, and markets residential household, hospitality, and contract furniture in the United States. The company operates through Hooker Branded, Home Meridian, and All Other segments. The Hooker Branded segment offers a range of design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand name; and imported upholstered furniture.

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Dividend History for Hooker Furniture (NASDAQ:HOFT)

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