Interface, Inc. (NASDAQ:TILE) announced a quarterly dividend on Thursday, July 25th, RTT News reports. Investors of record on Friday, August 9th will be given a dividend of 0.065 per share by the textile maker on Friday, August 23rd. This represents a $0.26 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, August 8th.
Interface has increased its dividend payment by an average of 13.0% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Interface has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Interface to earn $1.74 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 14.9%.
TILE stock opened at $11.81 on Wednesday. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.33 and a current ratio of 2.49. Interface has a 1 year low of $11.73 and a 1 year high of $24.50. The firm has a fifty day simple moving average of $14.84. The firm has a market cap of $754.64 million, a price-to-earnings ratio of 7.93 and a beta of 1.46.
Several equities research analysts recently issued reports on TILE shares. BidaskClub lowered shares of Interface from a “sell” rating to a “strong sell” rating in a research note on Friday, August 2nd. ValuEngine lowered shares of Interface from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered shares of Interface from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Finally, SunTrust Banks set a $17.00 price objective on shares of Interface and gave the company a “buy” rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Interface currently has a consensus rating of “Hold” and an average target price of $23.40.
Interface, Inc, a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brands; and luxury vinyl tile products.
See Also: How to trade on quiet period expirations
Receive News & Ratings for Interface Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interface and related companies with MarketBeat.com's FREE daily email newsletter.