Interface dividend yield – Interface declares quarterly dividend of $0.01 per share

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Interface ($NASDAQ:TILE) Inc. is a publicly-traded company that designs, manufactures, and sells commercial, industrial, and residential floorcovering products. Interface Inc. has declared a quarterly dividend of $0.01 per share, in line with previous quarters. The dividend is payable on December 16 to shareholders of record as of December 2, and the ex-dividend date is December 1. This information was announced in the Interface Inc. Dividend Scorecard, Yield Chart, & Dividend Growth.

Interface Inc. has a long history of paying dividends to its shareholders. Given the company’s strong financial position and history of dividend growth, it is likely that Interface Inc. will continue to increase its dividend in the future.

Dividends – Interface dividend yield

Its dividend yields from 2020 to 2022 are 1.0%, 0.27%, and 0.28%, respectively. This gives Interface a three-year average dividend yield of 0.52%. The company’s decision to issue a dividend reflects its confidence in its long-term prospects and is a sign of its commitment to shareholder value. With a strong balance sheet and a history of profitable growth, Interface is well-positioned to continue delivering value to shareholders in the years to come.

Price History

This news caused the stock to open at $11.1 and close at $11.0, up by 1.2% from the previous closing price of $10.9. The company has been under pressure to improve its financial performance in recent years, and this dividend may be a sign that it is finally turning a corner. Only time will tell if this is a sustainable trend or a one-time event.

VI Analysis

Company’s fundamentals reflect its long term potential, and the VI app makes it easy to analyze these fundamentals. Based on the VI Risk Rating, INTERFACE is a medium risk investment in terms of financial and business aspects. The VI App has detected 2 risk warnings in the income sheet and balance sheet. However, overall the company appears to be a solid investment.

VI Peers

Interface Inc, a US-based company, is one of the world’s leading manufacturers of floorcoverings. The company produces a wide range of products, including carpet tiles, broadloom carpets, and rugs. Interface Inc has a strong competitive position in the market, with a leading market share in the US and Europe. The company faces stiff competition from a number of competitors, including Somfy SA, Churchill China PLC, and PT Imago Mulia Persada Tbk.

– Somfy SA ($LTS:0RR3)

Somfy SA is a French company that manufactures and markets motors and controls for blinds, awnings, curtains, gates, and garage doors. The company also manufactures and markets home automation products. As of 2022, Somfy SA had a market capitalization of 3.42 billion euros and a return on equity of 12.25%. The company’s products are sold in more than 60 countries around the world.

– Churchill China PLC ($LSE:CHH)

Churchill China PLC is a leading supplier of ceramic tableware to the hotel, restaurant and catering industry in the United Kingdom. The company has a market cap of 142.97M as of 2022 and a Return on Equity of 13.12%. Churchill China PLC designs, manufactures and distributes an extensive range of ceramic products for the foodservice, hospitality and retail sectors. The company’s products include dinnerware, glassware, flatware, table accessories and giftware. Churchill China PLC is headquartered in Stoke-on-Trent, the United Kingdom.

– PT Imago Mulia Persada Tbk ($IDX:LFLO)

PT Imago Mulia Persada Tbk is a publicly traded company with a market cap of 76.7 billion as of 2022. The company has a return on equity of 3.95%. The company is engaged in the business of providing services related to the management and operation of toll roads.

Summary

Investing in INTERFACE can be a sound financial decision for a number of reasons. First, the company has a long track record of profitability and has been paying dividends to shareholders for many years. Second, INTERFACE is a well-established company with a strong brand and a diversified product line. Finally, the company has a strong balance sheet, with little debt and plenty of cash on hand.