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From Home Furnishing Business
Ethan Allen Board Approves Dividend Increase
November 17,
2016 by Larry Thomas in Business Strategy, Financial Reports, Industry 
Directors of Ethan Allen (NYSE:ETH) have approved an increase of 2 cents per share in the quarterly cash dividend, boosting the payout of 19 cents per share.
The new dividend will be paid on Jan. 24 to shareholders of record on Jan. 10.
"We are pleased with our results for fiscal year ended June 30, and further pleased that our board made the decision to increase our regular quarterly dividend to 19 cents, a 12% increase," said Farooq Kathwari, chairman and CEO. "The economic conditions remain uncertain. We have many initiatives, including the Ethan Allen | Disney program launch this week, which give us cautious optimism for the remainder of the fiscal year.”