Hooker Furnishings Announces Dividend Increase for Shareholders
Hooker Furnishings Declares Quarterly Dividend
Hooker Furnishings Corporation (NASDAQ: HOFT) has recently made an important announcement regarding its financial commitment to shareholders. Their board of directors has declared a quarterly cash dividend of $0.23 per share, showing their continued dedication to rewarding their investors. This dividend payment is scheduled for distribution on a specified date to shareholders recorded beforehand.
Celebrating a Century of Success
As Hooker Furnishings celebrates its 100th year in the market, the company emphasizes its evolution in the furniture industry. Establishing itself as a prominent designer, marketer, and importer, Hooker Furnishings specializes in a diverse range of furniture and home décor products. Their comprehensive catalog includes casegoods—both wooden and metal furniture—alongside soft furnishings and accessories that appeal to residential, hospitality, and contract markets.
Quality Products Across Multiple Categories
Major product categories offered by Hooker Furnishings embrace various furniture types, focusing on home entertainment units, home office essentials, accent pieces, dining furniture, and a wide array of bedroom furnishings. Their upper-medium price point offerings—developed under the Hooker Furniture brand—address consumer needs while upholding quality and aesthetics.
Upholstered Furniture Specialties
The company’s upholstered furniture lines showcase their commitment to diverse designs. Brands such as Bradington-Young specialize in premium leather furniture, emphasizing luxury and style. Meanwhile, HF Custom provides customizable upholstery, allowing customers to select from an array of styles and finishes to fit their preferences and home aesthetics.
Expanding Market Reach
Additional offerings from Hooker Furnishings include the H Contract product line, which supplies casegoods and upholstered seating to upscale senior living spaces. Simultaneously, their Home Meridian division seeks to cater to more moderate price points, ensuring that a variety of customers can access quality furnishings. Home Meridian's brands extend into value-focused collections aiming to fulfill diverse consumer needs, ranging from youth furniture to dining and home office essentials.
Global Presence and Operational Strength
Hooker Furnishings maintains a robust operational footprint across various locations, including facilities in Virginia, North Carolina, and California. The company boasts showrooms in major cities such as High Point, NC; Las Vegas, NV; Atlanta, GA; and even internationally in Ho Chi Minh City, Vietnam. Their distribution centers further enhance this network, allowing them to serve customers efficiently both locally and abroad.
Contact Information for Inquiries
For more information regarding their products or financial announcements, interested parties can reach out to:
C. Earl Armstrong, Senior Vice President-Finance and CFO
Hooker Furnishings Corporation, 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 for its shareholders.
When will the dividend be payable?
The dividend is scheduled to be payable at the end of March, with eligibility based on a set record date.
What type of products does Hooker Furnishings offer?
Hooker Furnishings offers a wide variety of products, including wooden and metal furniture, leather upholstery, and home décor for various market segments.
In how many locations does Hooker Furnishings operate?
The company operates facilities and showrooms across several states in the U.S. and internationally, enhancing their market reach.
Who can I contact for more information about Hooker Furnishings?
C. Earl Armstrong, the Senior Vice President-Finance and CFO, is reachable at 276.666.3969 for inquiries related to the company.
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