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From Home Furnishing Business
Flexsteel Industries, Inc. Announces Share Repurchase Program
December 11,
2024 by Karen Parrish in Business Strategy, Industry 
Flexsteel Industries, Inc. reported that the Company’s Board of Directors approved a new share repurchase program authorizing the Company to purchase up to an aggregate of $30 million of the Company’s common stock.
As of this date, there is approximately $2.1 million of remaining authorization under the previous share repurchase program approved on January 20, 2022, which expires on January 19, 2025.
There are no modifications to the previous program. There is no guarantee as to the exact number or value of shares that will be repurchased by the Company, and the Company is not obligated to make any share repurchases in the future. The timing and amount of share repurchases under the previously approved share repurchase program or new $30 million share repurchase program will depend on several factors, including the Company’s stock valuation, ongoing capital planning considerations and cash priorities, general market conditions and applicable legal requirements.
The company also announced its Board of Directors declared a quarterly dividend of $0.17 per share, payable January 8, 2025, to shareholders of record as of December 28, 2024.
Flexsteel has paid cash dividends on its common stock each year since 1938. This is the 332nd consecutive quarterly cash dividend.