Hooker Furnishings Declares Increased Quarterly Dividend From $0.22 To $0.23 Per Share
Portfolio Pulse from Benzinga Newsdesk
Hooker Furnishings Corporation (HOFT) has announced an increase in its quarterly cash dividend from $0.22 to $0.23 per share, marking the eighth consecutive annual dividend increase. The dividend is payable on December 29, 2023, to shareholders of record as of December 15, 2023.
December 05, 2023 | 9:03 pm
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Hooker Furnishings Corporation has declared an increased quarterly dividend from $0.22 to $0.23 per share, indicating a positive signal to shareholders and reflecting the company's financial health.
The increase in dividend is typically viewed as a positive indicator of a company's profitability and stability, which can attract income-focused investors and potentially lead to a short-term increase in stock price. However, the impact may be moderate as the increase is relatively small.
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