Flexsteel Industries, Inc. (NASDAQ: FLXS) … The Board of Directors of Flexsteel Industries, Inc. declared a quarterly dividend of $0.10 per share, a 33% increase, payable October 6, 2011 to shareholders of record as of September 22, 2011. The Board of Directors emphasized their commitment to improve shareholder value through increased dividends based upon sustainable earnings per share.
Flexsteel has paid cash dividends each year since 1938 on its common stock. This is the 279th consecutive cash dividend. The Company has no restrictions on the payment of dividends. The Company believes that its cash flow and operating income levels are supportive of the current dividend.
Flexsteel Industries, Inc. is headquartered in Dubuque, Iowa, and was incorporated in 1929. Flexsteel is a designer, manufacturer, importer and marketer of quality upholstered and wood furniture for residential, recreational vehicle, office, hospitality and healthcare markets. All products are distributed nationally.
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