Ethan Allen Declares Special Cash Dividend and Regular Quarterly Cash Dividend
03 August 2021 - 10:05PM
Ethan Allen Interiors Inc. (“Ethan Allen” or “the Company”)
(NYSE:ETH) announced today that its Board of Directors has declared
a $0.75 per share special cash dividend to shareholders of record
on August 17, 2021, payable on August 31, 2021. The Board also
declared a regular quarterly cash dividend of $0.25 per share,
payable on August 31, 2021 to shareholders of record at the close
of business on August 17, 2021.
Farooq Kathwari, Ethan Allen’s Chairman,
President and CEO commented, “Our business performed well in fiscal
2021. We have a strong history of returning capital to shareholders
and are pleased to continue this practice. Accordingly, we are
announcing a special cash dividend of $0.75 along with our regular
quarterly cash dividend of $0.25. As we head into the fiscal 2022
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.”
As previously announced on July 22, 2021, the
Company will release its fiscal 2021 fourth quarter and full year
financial results on August 9, 2021. The Company mentioned in the
announcement that its fiscal 2021 fourth quarter retail segment
written orders increased 105.0% over the prior year and
consolidated net sales grew 94.7%.
ABOUT ETHAN ALLEN
Ethan Allen Interiors Inc. (NYSE: ETH) is a
leading interior design company, manufacturer and retailer in the
home furnishings marketplace. The Company provides complimentary
interior design service to its clients and sells a full range of
furniture products and decorative home accents 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, including six
manufacturing plants in the United States, two manufacturing plants
in Mexico and one manufacturing plant in Honduras. 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 McNultyVice President,
FinanceIR@ethanallen.com
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