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Flexsteel Boosts Dividend

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Flexsteel

The Board of Directors of Flexsteel Industries approved an 11 percent increase in the company’s quarterly dividend by declaring 20 cents per share dividend payable Oct. 7 to shareholders of record as of Sept. 23.

This is the fifth increase since March 2009, when the dividend was 5 cents per share. The Board of Directors emphasized their commitment to increase shareholder value through dividends based upon sustainable earnings per share.

Flexsteel has paid cash dividends on its common stock each year since 1938. The company believes that its cash flow and operating income levels support the dividend increase.

Flexsteel Industries, headquartered in Dubuque, Iowa, is a designer, manufacturer, and marketer of quality upholstered and wood furniture for residential, health care, hospitality, office and RV markets.

 

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