Flexsteel Directors Approve 10% Dividend Increase
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.