September 19, 2021

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Ethan Allen declares particular money dividend

DANBURY, Conn. – Vertically built-in residence furnishings producer and retailer Ethan Allen Interiors has declared a 75 cents per share particular money dividend to shareholders of file on Aug. 17 payable on Aug. 31.

That’s on high of an everyday quarterly money dividend of 25 cents per share payable on Aug. 31 to shareholders of file on the shut of enterprise on Aug. 17.

“Our enterprise carried out effectively in fiscal 2021. Now we have a robust historical past of returning capital to shareholders and are happy to proceed this apply,” mentioned Ethan Allen Chairman, President and CEO Farooq Kathwari in a launch. “As we head into the fiscal 2022 yr, we consider we’ve got an ideal alternative to proceed our development in gross sales and profitability as a consequence of our proficient staff, sturdy retail community, the private service of our inside design professionals more and more mixed with know-how, our distinctive vertical integration whereby 75% of merchandise are made in our North American manufacturing workshops, and our sturdy logistics community of nationwide distribution facilities and retail residence supply facilities delivering product with white glove service to our shoppers’ properties.”

Ethan Allen will launch its fiscal 2021 fourth-quarter and full-year monetary outcomes on Aug. 9. The corporate had reported earlier that its fiscal 2021 fourth-quarter retail phase written orders elevated 105% in contrast with the prior yr interval and consolidated internet gross sales grew 94.7%.

I am Powell Slaughter, senior editor at Furnishings/Immediately. I returned to the publication in January 2015 after 9 years of writing about furnishings retail methods and greatest practices at a month-to-month journal specializing in residence furnishings retail operations. Previous to that, I spent 10 years with F/T masking wooden furnishings, the final 5 of these as case items editor. Upon my return to F/T, I developed protection of the logistical and repair points of the furnishings business in addition to following the occasional, residence workplace and residential leisure classes. In April 2018 I took over the upholstery class, with accountability for protection of the material and leather-based stationary and movement upholstery, recliners and therapeutic massage chair classes.

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