Reminder - Flexsteel Industries (FLXS) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 6/19/13, Flexsteel Industries, Inc. ( FLXS) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 7/5/13. As a percentage of FLXS's recent stock price of $22.75, this dividend works out to approximately 0.66%, so look for shares of Flexsteel Industries, Inc. to trade 0.66% lower — all else being equal — when FLXS shares open for trading on 6/19/13.

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Below is a dividend history chart for FLXS, showing historical dividends prior to the most recent $0.15 declared by Flexsteel Industries, Inc.:

FLXS+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FLXS is likely to continue, and whether the current estimated yield of 2.64% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of FLXS shares, versus its 200 day moving average:

Flexsteel Industries, Inc. 200 Day Moving Average Chart

Looking at the chart above, FLXS's low point in its 52 week range is $18.56 per share, with $26.29 as the 52 week high point — that compares with a last trade of $22.75.

In Monday trading, Flexsteel Industries, Inc. shares are currently up about 0.8% on the day.
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