Hooker Furnishings Announces Quarterly Dividend
Hooker Furnishings Corporation (NASDAQ: HOFT) has recently declared a quarterly cash dividend of $0.23 per share. This announcement has been positively received by shareholders, reflecting the company's dedication to returning value to its investors. The dividend is scheduled to be distributed on a specific date to those shareholders who are recorded by a designated date.
A Century of Quality Craftsmanship
This year is a significant milestone for Hooker Furnishings as it celebrates 100 years of providing quality furniture solutions. The company has positioned itself as a leading designer, marketer, and importer of a variety of furniture types, including wooden and metal casegoods, as well as leather and fabric-upholstered pieces. Their extensive product range is designed not only for residential use but also for the hospitality and contract markets.
Distinctive Product Offerings
Hooker Furnishings takes pride in its diverse selection of products. The company manufactures high-end residential custom leather and fabric-upholstered furniture, along with chic outdoor furniture options. Within their casegoods, you'll find home entertainment units, home office furniture, accent pieces, and both dining and bedroom collections. These products are primarily marketed under the Hooker Furniture brand, which is synonymous with quality and reliability.
Upholstery Choices for Every Preference
In the upholstery segment, Hooker Furnishings showcases several standout product lines. Bradington-Young focuses on premium leather furniture, featuring both motion and stationary designs. HF Custom offers an additional layer of personalization with trendy upholstery options, while Hooker Upholstery presents imported products aimed at the upper-medium price range. Shenandoah Furniture enhances their offerings with private label designs that cater to specialized retailers.
Meeting Diverse Market Needs
Hooker Furnishings also plays a significant role in the senior living sector through its H Contract product line, which provides tailored solutions for upscale facilities. Additionally, the Home Meridian division targets moderate price points, appealing to a wider market. This division includes brands like Pulaski Furniture and Samuel Lawrence Furniture, offering everything from youth furniture to stylish accent pieces.
Global Presence and Distribution
With its corporate headquarters and upholstery manufacturing facilities spread across Virginia, North Carolina, and California, Hooker Furnishings boasts a strong operational presence. The company operates showrooms in key locations such as High Point, NC, and Las Vegas, NV, as well as internationally in Ho Chi Minh City, Vietnam. Their distribution centers, strategically located in Virginia, Georgia, and Vietnam, ensure efficient delivery of products to customers.
Contact Information
For any inquiries, stakeholders can reach out to Paul A. Huckfeldt, Senior Vice President-Finance and CFO of Hooker Furnishings Corporation, at 276.666.3949. The company is committed to being accessible and engaging with its customers.
Frequently Asked Questions
What is the declared dividend amount for Hooker Furnishings?
The declared quarterly cash dividend is $0.23 per share.
When will the dividend be paid out?
The dividend is scheduled for payment to shareholders of record on a specified date.
What anniversary is Hooker Furnishings celebrating?
Hooker Furnishings is celebrating its 100th year in business.
What types of furniture does Hooker Furnishings offer?
Hooker Furnishings offers a wide range of furniture, including wooden and metal casegoods, leather, fabric-upholstered items, and outdoor furniture.
Who can I contact for more information regarding Hooker Furnishings?
For more information, you can contact Paul A. Huckfeldt, Senior Vice President-Finance and CFO at 276.666.3949.
