Hooker Furnishings dividend – Hooker Furniture Increases Quarterly Dividend by 4.5%, Now at $0.23 /share
December 6, 2023
☀️Trending News
Hooker ($NASDAQ:HOFT) Furniture Corporation, a leading manufacturer and importer of residential home furnishings, has announced a 4.5% increase for its quarterly dividend, bringing the dividend up to $0.23 per share. This is the second consecutive quarter in which Hooker Furniture has increased their dividend. Hooker Furniture produces a variety of furniture for every room in the home, including living room furniture, bedroom furniture, mattresses, and kitchen and dining room furniture.
In addition, the company imports furniture from around the world, ensuring that customers have access to the latest trends in luxury furniture. Hooker Furniture stocks are traded on the New York Stock Exchange under the ticker symbol HOFT. The increase in dividend is a sign of the company’s financial strength and provides investors with additional income. This is also a sign that Hooker Furniture is confident in its ability to produce quality products at competitive prices and to continue to generate significant revenue to pay out dividends to its shareholders.
Dividends – Hooker Furnishings dividend
Hooker Furnishings has recently announced an increase in its quarterly dividend of 4.5%, bringing it up to $0.23 per share. This is the second consecutive annual dividend increase for the company, with the last two years’ dividends being 0.86 and 0.74 USD respectively. The average dividend yield from 2022 to 2024 is estimated to be 4.71% and 4.69%, respectively, which is higher than the market average. Investors seeking to add dividend stocks to their portfolio may want to consider Hooker Furnishings, as it has a greater potential for dividend returns compared to other stocks.
This increase in dividends demonstrates that the company is committed to providing shareholders with greater financial returns. This could be an attractive investment opportunity for those looking to diversify their portfolio and benefit from potential capital appreciation.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hooker Furnishings. More…
| Total Revenues | Net Income | Net Margin |
| 502.5 | -10.88 | -2.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hooker Furnishings. More…
| Operations | Investing | Financing |
| 78.17 | -7.91 | -31.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hooker Furnishings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 350.12 | 124.45 | 20.67 |
Key Ratios Snapshot
Some of the financial key ratios for Hooker Furnishings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.4% | -34.4% | -2.7% |
| FCF Margin | ROE | ROA |
| 14.3% | -3.7% | -2.4% |
Analysis – Hooker Furnishings Stock Intrinsic Value
At GoodWhale, we conducted a comprehensive analysis of the fundamentals of HOOKER FURNISHINGS. Our proprietary Valuation Line yields an intrinsic value for the company’s shares of around $22.2. Currently, HOOKER FURNISHINGS’ stock is trading at $20.3, meaning that it is undervalued by 8.5%. We believe this to be a fair price. More…
Peers
Hooker Furnishings Corp has been a leader in the home furnishings industry for over 75 years, offering a wide range of quality and stylish products to customers all over the world. Along with Hooker Furnishings Corp, other major players in the market include Savimex Corp, A-Zenith Home Furnishings Co Ltd and Shashwat Furnishing Solutions Ltd, all of whom offer competitive products and services in the home furnishings sector.
– Savimex Corp ($HOSE:SAV)
A-Zenith Home Furnishings Co Ltd is a furniture retailer and manufacturing company that specializes in custom-made furniture pieces for the home. As of 2022, the company has a market capitalization of 1.38 billion dollars, which is an indication of its relative size in the furniture industry. The company also has a Return on Equity (ROE) of -11.08%, which suggests that it is not making the most efficient use of its capital. This could be due to a number of factors such as operational inefficiencies, over-investment in certain areas, or poor management decisions. While the company may not currently be performing at its peak, its market cap indicates that it is still a large player in the industry.
– A-Zenith Home Furnishings Co Ltd ($SHSE:603389)
Shashwat Furnishing Solutions Ltd is a leading player in the home furnishing solutions industry. It has a market cap of 80.39M as of 2022, making it one of the largest companies in the sector. The company specializes in providing a wide range of home furnishing solutions, such as curtains, blinds, upholstery, and customized furniture. It also offers interior design services and installation of home furnishing products. It operates through a network of more than 1,000 distributors and dealers across India. The company has also diversified its services to include online sales, branding, and marketing services.
Summary
Hooker Furnishings recently announced an increase in its quarterly dividend rate of 4.5%, raising it to $0.23 per share. This move is seen as a sign of the company’s financial strength and stability, and it is expected to be attractive to investors. As a result, the stock price increased the same day. This is a good indication of investor confidence in the company’s future prospects, and investors should keep an eye on Hooker Furnishings as a potential investment opportunity given its commitment to rewarding shareholders.
