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Flexsteel Directors Approve 10% Dividend Increase

Directors of Flexsteel Inds. (NASDAQ: FLXS) have approved a 10% increase in the quarterly cash dividend.

The new dividend of 22 cents per share is payable Oct. 6 to stockholders of record Sept. 22.

The company said the latest dividend hike is the sixth increase since March 2009, when the payout stood at 5 cents per share. That represents an 18% compound annual growth rate.

Flexsteel has paid cash dividends on its common stock each year since 1938.







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