The updated payment schedule, rising from the previous 20 cents per share, brings the company's annual dividend to $1 per share. Investors on record as of June 24 are eligible to receive the payout on July 6. Based on Wednesday’s closing price of $58.15, the new rate equates to a dividend yield of approximately 1.7 percent.
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Flexsteel Industries Raises Quarterly Dividend by 25 Percent
Flexsteel Industries is rewarding shareholders with a significant payout boost, confirming a 25 percent increase in its quarterly dividend. The furniture manufacturer, which has maintained a consistent record of annual cash distributions since 1938, will now provide investors with a dividend of 25 cents per share.
This adjustment follows a similar upward trend from last June, when the firm raised its quarterly distribution from 17 cents to 20 cents. By maintaining this trajectory, the company continues its long-standing tradition of capital returns that dates back over eight decades.
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