Hooker Furnishings stock dividend – Hooker Furnishings Corp Declares 0.22 Cash Dividend
June 26, 2023
🌥️Dividends Yield
On June 8th 2023, Hooker Furnishings ($NASDAQ:HOFT) Corp declared a cash dividend of 0.22 USD per share. This dividend payment is calculated for the period between 2023 and 2023, yielding an annual dividend of 0.82 USD per share and a total yield of 3.46%. Investing in stocks with a good dividend yield is an attractive option for many investors, and HOOKER FURNISHINGS could be a good choice. The ex-dividend date is June 15th 2023 and investors should keep this date in mind if they are interested in investing in the company’s stocks.
Market Price
The announcement propelled the company’s stock, which opened at $17.8 and closed at $17.1, up by 0.2% from previous closing price of 17.0. This is the fourth consecutive year that the North Carolina-based company has declared a cash dividend. The company’s commitment to return value to its shareholders is solid. It is continuing its dividend policy as the core component of its capital return strategy.
The board of directors has expressed confidence in its future earnings growth and its financial position. The company is committed to maintaining its focus on customer satisfaction and creating a culture of excellence within the company. It is also focused on creating long-term value for its shareholders through strategic investments and capital returns. Live Quote…
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 |
| 557.6 | -6.15 | -1.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hooker Furnishings. More…
| Operations | Investing | Financing |
| 30.65 | -6.37 | -3.4 |
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 |
| 364.07 | 133.04 | 20.9 |
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 |
| -1.3% | -34.4% | -1.4% |
| FCF Margin | ROE | ROA |
| 4.3% | -2.1% | -1.3% |
Analysis
At GoodWhale, we recently conducted an analysis of HOOKER FURNISHINGS to evaluate their wellbeing. After reviewing all of their financials and business aspects, we gave them a medium risk rating. This rating means that the company has a higher than average chance of suffering from some sort of operational disruption or financial difficulties in the future. We also detected one risk warning in the company’s balance sheet. To get more information on this risk, registered users can log in to our platform and explore the full report. From there, they can get a better understanding of the potential risks that HOOKER FURNISHINGS may be facing and decide whether or not to invest in the company. 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 is a good investment option for those looking to reap the benefits of a high dividend yield. For the period between 2023 and 2023, the company declared an annual dividend per share of 0.82 USD, yielding 3.46%. This rate is significantly higher than the average dividend yield of stocks in the market, making it an attractive option for those looking to add value to their stock portfolio. Moreover, since the company is listed on a major exchange, investors can easily access the stock and benefit from its high dividend yield.
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