Ethan Allen Increases Quarterly Cash Dividend
November 12 2020 - 3:10PM
Ethan Allen Interiors Inc. (“Ethan Allen” or “the Company”)
(NYSE:ETH) announced today that its Board of Directors has declared
a regular quarterly cash dividend of $0.25 per share, payable on
January 21, 2021 to shareholders of record at the close of business
on January 7, 2021.
Farooq Kathwari, Chairman and CEO commented, “We
are pleased that our Board made the decision to increase our
regular quarterly dividend to $0.25, a 19% increase. These are
unprecedent times. Our enterprise over the last 89 years has gone
through the Great Depression, a World War, and several recessions
including the Great Recession. We have come out stronger and more
vibrant each time. We look forward to continuing our progress and
remain cautiously optimistic.”
ABOUT ETHAN ALLEN
Ethan Allen Interiors Inc. (NYSE: ETH) is a
leading interior design company, manufacturer and retailer in the
home furnishings marketplace. Today the Company is a global luxury
international home fashion brand that is vertically integrated from
design through delivery, which affords its clientele a value
proposition of style, quality and price. The Company provides
complimentary interior design service to its clients and sells a
full range of furniture products and decorative accents through a
retail network of approximately 300 design centers in the United
States and abroad as well as online at ethanallen.com. The design
centers represent a mix of independent licensees and Company-owned
and operated locations. The Company operates retail design
centers located in the United States and Canada. The
independently operated design centers are located in the United
States, Asia, the Middle East and Europe. 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 McNulty Vice President,
Finance IR@ethanallen.com
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