<div id="readability-page-1"><p><strong>Flexsteel Industries, Inc.</strong> (NASDAQ:FLXS - Get Free Report) declared a quarterly dividend on Tuesday, December 9th. Shareholders of record on Monday, December 29th will be paid a dividend of 0.20 per share on Thursday, January 8th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Monday, December 29th.</p><div><p><span></span><span>Get <strong>Flexsteel Industries</strong> alerts:</span></p></div><ul><li>Hooker Furnishings Discount To Book, A Value Play?</li></ul><p>Flexsteel Industries has a payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Flexsteel Industries to earn $4.04 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 19.8%. </p><h2>Flexsteel Industries Trading Up 1.4%</h2><p>FLXS stock opened at $40.62 on Wednesday. The firm has a market capitalization of $216.91 million, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.94 and a beta of 0.55. Flexsteel Industries has a 12 month low of $29.38 and a 12 month high of $65.87. The firm has a 50 day moving average of $38.38 and a 200-day moving average of $38.80. </p><ul><li>Flexsteel Is Flexing Its Muscles, Again</li></ul><p>Flexsteel Industries (NASDAQ:FLXS - Get Free Report) last announced its earnings results on Monday, October 20th. The company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.53. The business had revenue of $110.44 million for the quarter, compared to the consensus estimate of $105.38 million. Flexsteel Industries had a net margin of 5.22% and a return on equity of 16.28%. During the same period last year, the firm posted $0.74 earnings per share.  Sell-side analysts predict that  Flexsteel Industries will post 3.53 EPS for the current year. </p><h2>Institutional Trading of Flexsteel Industries</h2><p>Large investors have recently bought and sold shares of the company. Severin Investments LLC purchased a new position in shares of  Flexsteel Industries in the 3rd quarter valued at approximately $386,000.  IFP Advisors Inc lifted its position in  Flexsteel Industries by 2,200.0% during the 3rd quarter. IFP Advisors Inc now owns 621 shares of the company's stock valued at $29,000 after acquiring an additional 594 shares during the period.  Qube Research &amp; Technologies Ltd boosted its stake in  Flexsteel Industries by 10.8% during the third quarter. Qube Research &amp; Technologies Ltd now owns 32,003 shares of the company's stock worth $1,483,000 after acquiring an additional 3,115 shares in the last quarter.  Punch &amp; Associates Investment Management Inc. increased its stake in shares of  Flexsteel Industries by 22.5% during the third quarter. Punch &amp; Associates Investment Management Inc. now owns 73,502 shares of the company's stock valued at $3,407,000 after purchasing an additional 13,502 shares in the last quarter.  Finally, Focus Partners Wealth purchased a new position in shares of  Flexsteel Industries during the third quarter valued at approximately $1,105,000. 36.27% of the stock is owned by institutional investors. </p><h2>Flexsteel Industries Company Profile</h2> (Get Free Report)<ul><li>Flexsteel Flexes Its Muscles In The Second-Quarter</li></ul><p>Flexsteel Industries, Inc, together with its subsidiaries, operates as a manufacturer, importer, and markets of upholstered furniture for residential and contract markets in the United States. It provides upholstered furniture, such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture.</p><h2>Read More</h2><ul><li>Five stocks we like better than Flexsteel Industries</li><li>Breakout Stocks: What They Are and How to Identify Them</li><li>Ollie’s Bargain Outlet Hits Rock-Bottom in Q4: Buy the Dip?</li><li>How to Know Which Cryptocurrency to Buy: A Guide for Investors</li><li>Insiders Are Selling These 3 Stocks—Here’s Why</li><li>How to Invest in Small Cap Stocks </li><li>Consumers Got Coal, But Santa Dropped Off Big Gains for These 2 Retailers</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RkxYUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RkxYUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Flexsteel Industries Right Now?</h2><p>Before you consider Flexsteel Industries, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flexsteel Industries wasn't on the list.</p><p>While Flexsteel Industries currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

FLXS

<p>Flexsteel Industries, Inc. (NASDAQ:FLXS) announced a quarterly dividend of $0.20 per share, payable on January 8th to shareholders of record on December 29th. The dividend yield is 2.0%, with a payout ratio of 21.3%. Analysts expect earnings of $4.04 per share next year, supporting the dividend. The stock opened at $40.62, with a market cap of $216.91 million.</p>

Flexsteel Industries, Inc. (NASDAQ:FLXS) Declares $0.20 Quarterly Dividend