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ETD / Ethan Allen Interiors: Lock In The Nearly 10-Year High Dividend Yield Of 5.3%

Ethan Allen Interiors: Lock In The Nearly 10-Year High Dividend Yield Of 5.3%
Ethan Allen Interiors has outperformed the market over the past year, more than doubling its dividend over the last three years, and offering a nearly 10-year high dividend yield. Despite slowing business momentum, the company's low price-to-earnings ratio makes it an attractive investment. The company has recovered from the pandemic thanks to pent-up demand, government stimulus packages, and the work-from-home trend. Despite potential business deceleration next year, Ethan Allen Interiors' valuation is attractive even when calculated based on future earnings. The company's low payout ratio and strong balance sheet suggest it will continue to grow its dividend in the coming years. The primary risk is a prolonged recession, which could put pressure on the stock. Read More
Posted: Jun 28 2023, 12:23
Author Name: Seeking Alpha
Views: 102813

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By GlobeNewsWire
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