Hooker Furnishings Corporation Declares Cash Dividend
Hooker Furnishings Corporation (Nasdaq: HOFT) has recently announced a quarterly cash dividend of $0.23 per share. This dividend, which reflects the company's commitment to return value to its shareholders, is scheduled to be distributed on a date yet to be determined. Shareholders of record will receive their dividend payments, recognizing their investment in this reputable furniture manufacturer.
Company Overview and Industry Presence
Celebrating its over one hundred years in business, Hooker Furnishings Corporation stands as a notable designer, marketer, and importer of an extensive range of furniture and home décor products. Their offerings include casegoods made from wood and metal, leather furniture, and fabric-upholstered options. This wide array of products is tailored to meet the demands of various markets, including residential, hospitality, and contract segments.
Product Lines and Specializations
Among its diverse product offerings, Hooker Furnishings specializes in various categories, particularly in casegoods for home furniture. The company’s elite collection encompasses home entertainment units, office furniture, accent pieces, dining sets, and bedroom furniture, catering to the upper-medium price bracket. Brands under the Hooker Furniture umbrella also include Bradington-Young, which excels in upscale leather furniture, and HF Custom, renowned for its high-fashion custom upholstery options with a variety of seating and accent pieces.
Innovations and Manufacturing Facilities
Hooker Furnishings doesn't stop at stylish designs; it also places a strong emphasis on quality. The company manufactures premium custom leather and fabric-upholstered furniture, ensuring high standards through domestic production facilities in Virginia and North Carolina. Additionally, Hooker offers outdoor furniture designs through its Sunset West division, providing stylish and high-quality options for the outdoor living space.
Diverse Divisions to Cater to Market Needs
The company's various divisions cater to different market needs and price points. The Home Meridian group, for instance, offers more affordable furniture choices, making quality design accessible to a wider audience. Their brands such as Pulaski Furniture and Samuel Lawrence Furniture provide an extensive range of options in the bedroom, dining room, home office, and youth furniture sectors.
Distribution and Global Reach
Hooker Furnishings operates multiple distribution centers located in Virginia, North Carolina, and even in Vietnam, underscoring their commitment to efficiency and global reach. The company also showcases its products through its showrooms located in High Point, North Carolina, Las Vegas, Nevada, Atlanta, Georgia, and Ho Chi Minh City, Vietnam.
Contact Information
For more information regarding the company's products or for inquiries, interested parties are encouraged to reach out to:
C. Earl Armstrong, Senior Vice President-Finance and CFO
Hooker Furnishings Corporation
Phone: 276.666.3969
Frequently Asked Questions
What is the recent dividend declared by Hooker Furnishings?
Hooker Furnishings has declared a quarterly cash dividend of $0.23 per share.
When will the dividend be paid to shareholders?
The dividend payment date has yet to be confirmed.
What types of products does Hooker Furnishings offer?
The company offers a wide variety of furniture, including casegoods, leather, and fabric-upholstered items for residential and commercial markets.
Where are Hooker Furnishings' manufacturing facilities located?
They have manufacturing facilities primarily in Virginia and North Carolina.
Who can I contact for more information about Hooker Furnishings?
Contact C. Earl Armstrong, Senior Vice President-Finance and CFO at 276.666.3969 for inquiries.
