Boosts Shareholder Returns with 13% Cash Dividend Hike

  • Flexsteel Industries raises quarterly cash dividend by 13%
  • New payout equals 68 cents a year
  • Annual yield of about 1.7% based on closing price of $39.80
  • Shareholders of record as of Sept. 25 to receive the higher dividend on Oct. 7

Flexsteel Industries, a residential furniture manufacturer based in Dubuque, Iowa, has increased its quarterly cash dividend by 13%. The new payout amounts to 68 cents per share annually, equating to an approximate yield of 1.7% based on the stock’s closing price of $39.80. Shareholders who are recorded as of September 25 will receive this enhanced dividend on October 7.

Factuality Level: 10
Factuality Justification: The article provides accurate and relevant information about Flexsteel Industries raising its quarterly cash dividend and the details related to it, including the percentage increase, new payout amount, annual yield, and payment date. It is a concise and objective report without any digressions or personal opinions.
Noise Level: 1
Noise Justification: The article provides minimal information and lacks analysis or context on long-term trends or possibilities. It only reports a fact about a company’s dividend increase without exploring its implications or providing any actionable insights.
Public Companies: Flexsteel Industries ()
Key People: Connor Hart (Author)

Financial Relevance: Yes
Financial Markets Impacted: Flexsteel Industries’ stock price and dividends
Financial Rating Justification: The article discusses a company raising its quarterly cash dividend, which affects the financial situation of the company and its shareholders. This is relevant to financial topics as it involves the company’s financial decisions and can impact the stock market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: No market move size mentioned.
Sector: All
Direction: Up
Magnitude: Small
Affected Instruments: Stocks

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