Interface, Inc. (NASDAQ:TILE) Announces Quarterly Dividend of $0.01

Interface, Inc. (NASDAQ:TILEGet Free Report) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.01 per share by the textile maker on Friday, December 13th. This represents a $0.04 annualized dividend and a yield of 0.15%. The ex-dividend date is Friday, November 29th.

Interface has decreased its dividend by an average of 25.1% per year over the last three years. Interface has a payout ratio of 2.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Interface to earn $1.55 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 2.6%.

Interface Stock Down 1.0 %

Shares of NASDAQ TILE traded down $0.28 on Wednesday, hitting $26.54. The company had a trading volume of 43,701 shares, compared to its average volume of 453,339. The company has a quick ratio of 1.38, a current ratio of 2.57 and a debt-to-equity ratio of 0.66. Interface has a 12-month low of $9.87 and a 12-month high of $27.34. The firm has a market capitalization of $1.55 billion, a P/E ratio of 18.76, a PEG ratio of 1.29 and a beta of 1.97. The business has a 50 day moving average of $20.96 and a two-hundred day moving average of $17.96.

Interface (NASDAQ:TILEGet Free Report) last released its quarterly earnings results on Friday, November 1st. The textile maker reported $0.48 EPS for the quarter, topping the consensus estimate of $0.34 by $0.14. Interface had a return on equity of 19.91% and a net margin of 6.49%. The firm had revenue of $344.30 million for the quarter, compared to analyst estimates of $336.39 million. During the same period in the previous year, the company posted $0.28 EPS. Interface’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that Interface will post 1.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Interface

In other news, VP Stansfield Nigel sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $24.12, for a total transaction of $482,400.00. Following the completion of the transaction, the vice president now directly owns 144,355 shares in the company, valued at approximately $3,481,842.60. This represents a 12.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Bruce Andrew Hausmann sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $25.50, for a total transaction of $765,000.00. Following the sale, the chief financial officer now directly owns 168,475 shares of the company’s stock, valued at $4,296,112.50. The trade was a 15.12 % decrease in their position. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barrington Research upped their target price on shares of Interface from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. StockNews.com lowered shares of Interface from a “strong-buy” rating to a “buy” rating in a report on Monday, November 4th.

View Our Latest Stock Analysis on Interface

Interface Company Profile

(Get Free Report)

Interface, Inc designs, produces, and sells modular carpet products primarily worldwide. The company operates in two segments, Americas (AMS), and Europe, Africa, Asia and Australia (EAAA). The company offers modular carpets under the Interface and FLOR brand names; luxury vinyl tiles; carpet tiles under the CQuestGB name for use in commercial interiors, include offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; and modular resilient flooring products.

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Dividend History for Interface (NASDAQ:TILE)

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