Ethan Allen Declares Special Cash Dividend and Regular Quarterly Cash Dividend
DANBURY, CT, November 14, 2018 -- Ethan Allen Interiors Inc. ("Ethan Allen" or the "Company") (NYSE:ETH) announced today that its Board of Directors has declared a $1.00 per share special cash dividend to shareholders of record as of January 10, 2019, payable January 24, 2019.
The Board also declared a regular quarterly cash dividend of $0.19 per share to shareholders of record as of January 10, 2019, payable January 24, 2019.
Farooq Kathwari, Chairman and CEO commented, "We are pleased that our strong balance sheet and our confidence in the Company's financial future makes it possible to make this $1.00 per share special cash dividend to our shareholders, in addition to the $0.19 per share regular quarterly cash dividend. This decision is a reflection of the Company's commitment to share in the successes of the Company with its shareholders."
About Ethan Allen
Ethan Allen Interiors Inc. (NYSE: ETH) is a leading interior design company and manufacturer and retailer of quality home furnishings. The company offers complimentary interior design service to its clients and sells a full range of furniture products and decorative accessories through ethanallen.com and a network of approximately 300 Design Centers in the United States and abroad. Ethan Allen owns and operates nine manufacturing facilities, including six manufacturing plants and one sawmill in the United States plus one plant each in Mexico and Honduras. Approximately seventy five percent of its products are made in its North American plants. For more information on Ethan Allen's products and services, visit ethanallen.com.
Ethan Allen Interiors Inc. Investor Relations Contact:
Executive Vice President, Administration
Chief Financial Officer and Treasurer