Cash Dividend On The Way From Flexsteel Industries (FLXS)

Looking at the universe of stocks we cover at Dividend Channel, on 9/18/13, Flexsteel Industries, Inc. (FLXS) will trade ex-dividend, for its quarterly dividend of $0.15, payable on 10/3/13. As a percentage of FLXS's recent stock price of $22.96, this dividend works out to approximately 0.65%, so look for shares of Flexsteel Industries, Inc. to trade 0.65% lower — all else being equal — when FLXS shares open for trading on 9/18/13.

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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 2.61% 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 $22.93.

In Monday trading, Flexsteel Industries, Inc. shares are currently up about 1.3% on the day.

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