Aug. 19 at 11:22 PM
$AMAT Ethan Allen Interiors announced a
$3.00 per-share special cash dividend, totaling about
$76 million, payable Sept. 17, 2026, to shareholders of record as of Sept. 3. The company emphasized its debt-free balance sheet and long-term commitment to returning capital to shareholders.
The payout comes amid an active governance dispute. Investor Doug Bergeron, through DGB Investment, owns a 5% stake and has nominated six board candidates, arguing that the company is undervalued and needs strategic, digital-execution and CEO-succession improvements. The new dividend is a major increase from the
$0.25 special dividend declared with fiscal 2025 results.
Ethan Allen’s fiscal 2026 results supported the distribution, with a 61.2% gross margin, 7.8% operating margin and
$52 million in operating cash flow, while maintaining a debt-free balance sheet. With the broader market largely flat, the stock’s move was driven by company-specific news.
$ETD
For those looking to make some extra $$
