DUBUQUE, Iowa–(BUSINESS WIRE)–Flexsteel Industries, Inc. (NASDAQ: FLXS): The Board of Directors of
Flexsteel Industries, Inc. declared a quarterly dividend of $0.20 per
share, payable April 3, 2017 to shareholders of record as of March 17,
Flexsteel has paid cash dividends on its common stock each year since
1938. This is the 301st consecutive quarterly cash dividend.
The Company believes that its cash flow and operating income levels
support the current dividend.
Flexsteel Industries, Inc. is headquartered in Dubuque, Iowa, and was
incorporated in 1929. Flexsteel is one of the oldest and largest
manufacturers, importers and marketers of residential and commercial
upholstered and wooden furniture products in the United States. Product
offerings include a wide variety of sofas, loveseats, chairs, reclining
and rocker-reclining chairs, swivel rockers, sofa beds, convertible
bedding units, occasional tables, desks, dining tables and chairs and
bedroom furniture. The Company’s products are intended for use in home,
office, hotel, healthcare and other commercial applications. A featured
component in most of the upholstered furniture is a unique steel drop-in
seat spring from which our name “Flexsteel” is derived. The Company
distributes its products throughout the United States through the
Company’s sales force and various independent representatives.
Additional information is available at www.flexsteel.com.
Flexsteel Industries, Inc., Dubuque, Iowa
Timothy E. Hall,
Chief Financial Officer